N2N Technologies (BOM:512279) ROCE % : -2.12% (As of Sep. 2024)

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What is N2N Technologies 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. N2N Technologies's annualized ROCE % for the quarter that ended in Sep. 2024 was -2.12%.

N2N Technologies ROCE % Historical Data

The historical data trend for N2N Technologies'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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N2N Technologies ROCE % Chart

N2N Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-0.48

-36.50

-0.99

0.45

-0.59

N2N Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															4.93	1.41	-9.92	-7.92	-2.12

N2N Technologies ROCE % Calculation

N2N Technologies's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-0.341	/	( ( (64.73 - 7.38)	+	(65.405 - 7.231) )	/ 2 )
	=	-0.341	/	( (57.35	+	58.174)	/ 2 )
	=	-0.341	/	57.762
	=	-0.59 %

N2N Technologies's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-1.248	/	( ( (0 - 0)	+	(66.721 - 7.749) )	/ 1 )
	=	-1.248	/	( ( 0	+	58.972 )	/ 1 )
	=	-1.248	/	58.972
	=	-2.12 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

N2N Technologies (BOM:512279) 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.

N2N Technologies ROCE % Related Terms

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N2N Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » N2N Technologies Ltd (BOM:512279) » Definitions » ROCE %

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Address

Office No 202, Pune Solapur Highway, Kumar Primus, Hadapsar, Pune, MH, IND, 411 013

Website

https://www.n2ntechno.com

N2N Technologies Ltd is an information technology (IT) service provider offering information and business technology solutions. The company offers services such as Quality Management, Business Intelligence, SAP Services, Web services, and Engineering. The company also provides Consulting Services.

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