Navana CNG (DHA:NAVANACNG) ROCE % : 5.17% (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Navana CNG 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. Navana CNG's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.17%.

Navana CNG ROCE % Historical Data

The historical data trend for Navana CNG'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.

* Premium members only.

Navana CNG ROCE % Chart

Navana CNG Annual Data

Trend

Mar13

Mar14

Mar15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

Get a 7-Day Free Trial

8.76

8.21

6.25

5.37

4.85

Navana CNG 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															5.57	5.95	3.34	5.49	5.17

Navana CNG ROCE % Calculation

Navana CNG'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 )
	=	506.584	/	( ( (13270.235 - 2993.72)	+	(13969.294 - 3354.606) )	/ 2 )
	=	506.584	/	( (10276.515	+	10614.688)	/ 2 )
	=	506.584	/	10445.6015
	=	4.85 %

Navana CNG'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	559.72	/	( ( (14135.548 - 3627.068)	+	(14240.13 - 3094.391) )	/ 2 )
	=	559.72	/	( ( 10508.48	+	11145.739 )	/ 2 )
	=	559.72	/	10827.1095
	=	5.17 %

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

Navana CNG (DHA:NAVANACNG) 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.

Navana CNG ROCE % Related Terms

Thank you for viewing the detailed overview of Navana CNG's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Navana CNG (DHA:NAVANACNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Navana CNG Ltd (DHA:NAVANACNG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

205-207, Tejgaon Industrial Area, Dhaka, BGD, 1208

Website

https://www.navanacng.com

Navana CNG Ltd is engaged in converting petrol and diesel-driven vehicles to compressed natural gas (CNG) driven vehicles, CNG refueling stations, and other related services. The company also focuses on re-testing facilities, package maintenance programs, and manufacturing polymer, plastic, polyethylene, and tubes. Its operating segment includes a Conversion Workshop and CNG & LPG Station. The company generates maximum revenue from the CNG Station segment.

Navana CNG (DHA:NAVANACNG) Headlines

No Headlines