Newever Trade Wings (BOM:536644) ROCE %: -0.88% (As of Sep. 2017)

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What is Newever Trade Wings ROCE %?

Newever Trade Wings BOM:536644 ROCE % is -0.88% as of Sep. 2017.

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. Newever Trade Wings's annualized ROCE % for the quarter that ended in Sep. 2017 was -0.88%.

Newever Trade Wings  (BOM:536644) 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.

Newever Trade Wings ROCE % Related Terms

Newever Trade Wings ROCE % Historical Data

* Premium members only.

The historical data trend for Newever Trade Wings'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.

Newever Trade Wings ROCE % Chart

Newever Trade Wings Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17
ROCE %
0.32 -0.86 0.05 -1.71 -1.23

Newever Trade Wings Semi-Annual Data
Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.55 0.31 -0.13 -0.88

Newever Trade Wings ROCE % Calculation

Newever Trade Wings's annualized ROCE % for the fiscal year that ended in Mar. 2017 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2017 )  (A: Mar. 2016 )(A: Mar. 2017 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2017 )  (A: Mar. 2016 )(A: Mar. 2017 )
=-2.963/( ( (895.261 - 655.022) + (1146.422 - 906.065) )/ 2 )
=-2.963/( (240.239+240.357)/ 2 )
=-2.963/240.298
=-1.23 %

Newever Trade Wings's ROCE % of for the quarter that ended in Sep. 2017 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2017 )  (Q: Mar. 2017 )(Q: Sep. 2017 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2017 )  (Q: Mar. 2017 )(Q: Sep. 2017 )
=-2.128/( ( (1146.422 - 906.065) + (807.55 - 566.128) )/ 2 )
=-2.128/( ( 240.357 + 241.422 )/ 2 )
=-2.128/240.8895
=-0.88 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2017) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -0.88% mean?
Newever Trade Wings (BOM:536644) has a ROCE % of -0.88% as of Sep. 2017.
Is Newever Trade Wings' ROCE % too high?
Newever Trade Wings' current ROCE % is -0.88%.
How does Newever Trade Wings' ROCE % compare to ADMG?
Newever Trade Wings' ROCE % of -0.88% can be compared against companies in the Steel industry. The industry median ROCE % is 5.69. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Steel company?
The median ROCE % among Steel companies is 5.69, based on 620 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Steel industry, the median ROCE % is 5.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Newever Trade Wings's current ROCE % is -0.88%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newever Trade Wings stock overvalued right now?
Newever Trade Wings (BOM:536644) has a current ROCE % of -0.88%. The current ROCE % is -0.88%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Newever Trade Wings (BOM:536644), the current ROCE % is -0.88% as of Sep. 2017. 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.

Newever Trade Wings Business Description

Address 238B, A.J.C. Bose Road, Unit 4B, 4th Floor, Kolkata, WB, IND, 700020
Newever Trade Wings Ltd is an Indian company which is engaged in the business of trading in iron and steel and other related commodities. The company is involved in Wholesale Trade in Metal Channel, Joist, M.S. (Mild Steel) Angle, MS Sheet, TMT (thermomechanical treatment) Bar and other.