Nazara Technologies (BOM:543280) ROCE % : 3.95% (As of Sep. 2024)

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What is Nazara 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. Nazara Technologies's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.95%.

Nazara Technologies ROCE % Historical Data

The historical data trend for Nazara 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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Nazara Technologies ROCE % Chart

Nazara Technologies Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-3.53

2.40

6.89

7.18

5.88

Nazara Technologies Quarterly Data
	Mar18	Mar19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															6.21	10.14	2.99	5.82	3.95

Nazara Technologies ROCE % Calculation

Nazara 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 )
	=	1102.4	/	( ( (17017.8 - 3343.3)	+	(27617.8 - 3821.9) )	/ 2 )
	=	1102.4	/	( (13674.5	+	23795.9)	/ 2 )
	=	1102.4	/	18735.2
	=	5.88 %

Nazara 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 )
	=	940	/	( ( (0 - 0)	+	(29743.5 - 5968.2) )	/ 1 )
	=	940	/	( ( 0	+	23775.3 )	/ 1 )
	=	940	/	23775.3
	=	3.95 %

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

Nazara Technologies (BOM:543280) 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.

Nazara Technologies ROCE % Related Terms

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Nazara Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Nazara Technologies Ltd (BOM:543280) » Definitions » ROCE %

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Traded in Other Exchanges

NAZARA:India

Address

51-54, Maker Chambers 3, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.nazara.com

Nazara Technologies Ltd is a mobile game company in India. The company has offerings across the interactive gaming, eSports, ad-tech, and gamified early learning ecosystems including World Cricket Championship (WCC) and CarromClash in mobile games, Kiddopia in gamified early learning, Nodwin, PublishMe and Sportskeeda in eSports and eSports media, OpenPlay, Halaplay and Qunami in skill-based, fantasy and trivia games, and Datawrkz in digital ad tech. The company's segment includes Gaming; eSports; and Ad tech. It generates maximum revenue from the eSports segment. Geographically, it derives a majority of its revenue from the USA.

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