Near Intelligence (Near Intelligence) ROCE % : -82.11% (As of Jun. 2023)

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What is Near Intelligence 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. Near Intelligence's annualized ROCE % for the quarter that ended in Jun. 2023 was -82.11%.

Near Intelligence ROCE % Historical Data

The historical data trend for Near Intelligence'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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Near Intelligence ROCE % Chart

Near Intelligence Annual Data

Trend

Dec20

Dec21

ROCE %

-60.79

-27.66

Near Intelligence Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial				-12.88	-285.41	-33.91	-60.72	-82.11

Near Intelligence ROCE % Calculation

Near Intelligence's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-17.929	/	( ( (58.728 - 22.233)	+	(117.774 - 24.65) )	/ 2 )
	=	-17.929	/	( (36.495	+	93.124)	/ 2 )
	=	-17.929	/	64.8095
	=	-27.66 %

Near Intelligence's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	-50.676	/	( ( (166.815 - 55.369)	+	(161.69 - 149.706) )	/ 2 )
	=	-50.676	/	( ( 111.446	+	11.984 )	/ 2 )
	=	-50.676	/	61.715
	=	-82.11 %

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

Near Intelligence (OTCPK:NIRLQ) 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.

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Near Intelligence (Near Intelligence) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Near Intelligence Inc (OTCPK:NIRLQ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 W Walnut Street, 4th Floor, Pasadena, CA, USA

Website

https://www.near.com

Near Intelligence Inc is a global, full stack data intelligence software as a service platform that stitches and enriches data on people and places from which its customers can derive actionable intelligence of consumer behavior to help its customers make meaningful decisions.

Executives

Richard J Salute	director	P O BOX 306, WOODBURY NY 11797
Sherman Iii Edmiston	director	ONE CITYPLACE DRIVE, SUITE 300, ONE CITYPLACE DRIVE, SUITE 300, ST. LOUIS MO 63141
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Shobhit Shukla	officer: President	1096 KEELER AVENUE, BERKELEY CA 94708
Gladys Kong	officer: COO and Secretary	1096 KEELER AVENUE, BERKELEY CA 94708
Rahul Agarwal	officer: Chief Financial Officer	1096 KEELER AVENUE, BERKELEY CA 94708
Anil Mathews	director, officer: CEO and Chairman	1096 KEELER AVENUE, BERKELEY CA 94708
Jay Angelo	officer: General Counsel	1096 KEELER AVENUE, BERKELEY CA 94708
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Ronald Steger	director	13710 OASIS TERRACE, LAKEWOOD RANCH FL 34202
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