NTG Clarity Networks (TSXV:NCI) ROCE % : 195.70% (As of Sep. 2023)

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What is NTG Clarity Networks 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. NTG Clarity Networks's annualized ROCE % for the quarter that ended in Sep. 2023 was 195.70%.

NTG Clarity Networks ROCE % Historical Data

The historical data trend for NTG Clarity Networks'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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NTG Clarity Networks ROCE % Chart

NTG Clarity Networks Annual Data

Trend

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Dec23

ROCE %

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42.37

NTG Clarity Networks Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															11,200.00	2,188.75	440.59	195.70	-12.54

NTG Clarity Networks ROCE % Calculation

NTG Clarity Networks's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	1.569	/	( ( (6.491 - 7.783)	+	(8.168 - 8.269) )	/ 2 )
	=	1.569	/	( (-1.292	+	-0.101)	/ 2 )
	=	1.569	/	-0.6965
	=	-225.27 %

NTG Clarity Networks's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	2.824	/	( ( (10.015 - 8.84)	+	(11.332 - 9.621) )	/ 2 )
	=	2.824	/	( ( 1.175	+	1.711 )	/ 2 )
	=	2.824	/	1.443
	=	195.70 %

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

NTG Clarity Networks (TSXV:NCI) 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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NTG Clarity Networks (TSXV:NCI) Business Description

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NYWKF:USA

Address

2820 Fourteenth Avenue, Suite 202, Markham, ON, CAN, L3R 0S9

Website

https://www.ntgclarity.com

NTG Clarity Networks Inc provides telecommunications engineering, Information Technology, networking, and related software solutions. It develops niche software products directed at telecom service providers and utilities markets. The company also provides professional services and managed services to the same vertical. In addition, it has also expanded into the financial and government sectors by providing products and technical resources to assist customers with projects that include digital transformation. The company`s Canadian segment is made up of activities in Canada and offices in Saudi Arabia and Oman; and the Egypt segment is a software development group that also provides professional services, offshoring services, and network services to customers in Egypt.

NTG Clarity Networks (TSXV:NCI) Headlines

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