Nightcap (LSE:NGHT) ROCE % : -1.18% (As of Dec. 2023)

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What is Nightcap ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Nightcap's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.18%.

Nightcap ROCE % Historical Data

The historical data trend for Nightcap's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nightcap ROCE % Chart

Nightcap Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

ROCE %

-5.48

-28.09

3.52

-4.83

Nightcap Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-0.10	6.26	0.57	-9.10	-1.18

Nightcap ROCE % Calculation

Nightcap's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-2.661	/	( ( (58.537 - 11.062)	+	(79.945 - 17.261) )	/ 2 )
	=	-2.661	/	( (47.475	+	62.684)	/ 2 )
	=	-2.661	/	55.0795
	=	-4.83 %

Nightcap's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-0.764	/	( ( (79.945 - 17.261)	+	(82.781 - 16.232) )	/ 2 )
	=	-0.764	/	( ( 62.684	+	66.549 )	/ 2 )
	=	-0.764	/	64.6165
	=	-1.18 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Nightcap (LSE:NGHT) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Nightcap ROCE % Related Terms

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Nightcap (LSE:NGHT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Nightcap PLC (LSE:NGHT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/O Locke Lord (UK) LLP, 201 Bishopsgate, London, GBR, EC2M 3AB

Website

https://www.nightcapplc.com

Nightcap PLC operates cocktail-bars. It focuses on the hospitality industry and in consumer preferences. It acquires, recapitalizes and develops drinks-led concepts with potential across the UK.