CNVAF (Cnova NV) ROC %: -0.73% (As of Dec. 2024)

What is Cnova NV ROC %?

Cnova NV CNVAF 16 ROC % is -0.73% as of Dec. 2024. GuruFocus rates CNVAF with a GF Score™ of 16/100.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Cnova NV's annualized return on capital (ROC %) for the quarter that ended in Dec. 2024 was -0.73%.

As of today (2026-06-25), Cnova NV's WACC % is 0.00%. Cnova NV's ROC % is 0.00% (calculated using TTM income statement data). Cnova NV earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Cnova NV (OTCPK:CNVAF) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Cnova NV's WACC % is 0.00%. Cnova NV's ROC % is 0.00% (calculated using TTM income statement data). Cnova NV earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Cnova NV ROC % Related Terms

Cnova NV ROC % Historical Data

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The historical data trend for Cnova NV's ROC % 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.

Cnova NV ROC % Chart

Cnova NV Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROC %

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5.61

1.45

-4.84

-1.85

-2.39

Cnova NV Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROC %	Get a 7-Day Free Trial															-2.37	-3.44	-0.31	-4.24	-0.73

16GF Score

Cnova NV CNVAF

ROC % is just one metric. See GF Score™, valuation, warning signs, and more.

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Cnova NV ROC % Calculation

Cnova NV's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2024 is calculated as:

	ROC % (A: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2023 )	+	Invested Capital (A: Dec. 2024 ))	/ count )
=	-18.016 * ( 1 - 0% )	/	( (863.511	+	642.362)	/ 2 )
=	-18.016	/	752.9365
=	-2.39 %

where

	Invested Capital		(A: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	796.156	-	348.582	-	( 12.069	-	max(0, 798.672	-	382.735	+	12.069	))
=	863.511

	Invested Capital		(A: Dec. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	703.787	-	260.659	-	( 15.509	-	max(0, 546.214	-	346.98	+	15.509	))
=	642.362

Cnova NV's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2024 is calculated as:

	ROC % (Q: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Dec. 2024 ))	/ count )
=	-4.754 * ( 1 - 0% )	/	( (652.044	+	642.362)	/ 2 )
=	-4.754	/	647.203
=	-0.73 %

where

	Invested Capital		(Q: Jun. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	784.54	-	291.482	-	( 20.238	-	max(0, 556.451	-	397.465	+	20.238	))
=	652.044

	Invested Capital		(Q: Dec. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	703.787	-	260.659	-	( 15.509	-	max(0, 546.214	-	346.98	+	15.509	))
=	642.362

Note: The Operating Income data used here is two times the semi-annual (Dec. 2024) data. The tax rate is limited to between 0% and 100%.

Frequently Asked Questions Learn more about ROC % →

What does a ROC % of -0.73% mean?

Cnova NV (CNVAF) has a ROC % of -0.73% as of Dec. 2024. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Cnova NV and its competitors.

Is Cnova NV's ROC % too high?

Cnova NV's current ROC % is -0.73%. Overall, Cnova NV has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.

How does Cnova NV's ROC % compare to AMZN and BABA?

Cnova NV's ROC % of -0.73% can be compared against companies in the Retail - Cyclical industry. The industry median ROC % is 4.36. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROC % for a Retail - Cyclical company?

The median ROC % among Retail - Cyclical companies is 4.36, based on 1,114 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROC % mean?

A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Cnova NV and its competitors. For the Retail - Cyclical industry, the median ROC % is 4.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cnova NV's current ROC % is -0.73%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Cnova NV stock overvalued right now?

Cnova NV (CNVAF) has a current ROC % of -0.73%. The current ROC % is -0.73%. Cnova NV's overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROC % calculated?

ROC % is calculated from a company's financial statements. For Cnova NV (CNVAF), the current ROC % is -0.73% as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Cnova NV Business Description

Industry Consumer Cyclical Retail - Cyclical

Comparable Companies XPAR:ALVAP XPAR:MLPET XPAR:ALSPT XPAR:SRP XPAR:ALVU AMZN BABA PDD MELI HKSE:03690 SE DASH CPNG JD JSE:NPN EBAY TSE:4689 BOM:543320 CHWY CART

Address 120-126, quai de Bacalan, Bordeaux, FRA, 33067

Website https://www.cnova.com

Cnova NV is an e-commerce company. It provides its customers with a value proposition through a low-cost business model that offers attractive pricing, an extensive product assortment, and differentiated delivery and payment solutions. Its product offering categories are home appliances, consumer electronics, computers, home furnishings, leisure, and personal goods.

16GF Score

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