Niks Professional (SGX:NPL) ROCE % : 10.51% (As of Mar. 2023)

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What is Niks Professional 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. Niks Professional's annualized ROCE % for the quarter that ended in Mar. 2023 was 10.51%.

Niks Professional ROCE % Historical Data

The historical data trend for Niks Professional'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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Niks Professional ROCE % Chart

Niks Professional Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

14.04

16.31

14.00

10.56

Niks Professional Quarterly Data
	Dec20	Dec21	Mar22	Dec22	Mar23	Dec23
ROCE %	Get a 7-Day Free Trial			-	17.32	-	10.51	-

Niks Professional ROCE % Calculation

Niks Professional's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	2.305	/	( ( (25.781 - 2.436)	+	(22.63 - 2.336) )	/ 2 )
	=	2.305	/	( (23.345	+	20.294)	/ 2 )
	=	2.305	/	21.8195
	=	10.56 %

Niks Professional's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	1.988	/	( ( (25.781 - 2.436)	+	(16.469 - 1.989) )	/ 2 )
	=	1.988	/	( ( 23.345	+	14.48 )	/ 2 )
	=	1.988	/	18.9125
	=	10.51 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

Niks Professional (SGX:NPL) 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.

Niks Professional ROCE % Related Terms

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Niks Professional (SGX:NPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Niks Professional Ltd (SGX:NPL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Kallang Place, No. 03-27, Singapore, SGP, 339156

Website

https://www.nikspro.com

Niks Professional Ltd is an integrated medical skin care provider, incorporating family dermatology and aesthetic medical services, skin care products, facial treatment and medical camouflage service under one roof and a single NIKS brand. It owns and operates three medical clinics in Singapore focusing on family dermatology and aesthetic medicine. its clinical services are complemented by a portfolio of some 200 quality medical skin care products. its products are conceptualized and developed in Singapore and made in the finest factories in the United States and Europe.

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