Navoday Enterprises (BOM:543305) ROCE % : 1.81% (As of Mar. 2024)

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What is Navoday Enterprises 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. Navoday Enterprises's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.81%.

Navoday Enterprises ROCE % Historical Data

The historical data trend for Navoday Enterprises'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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Navoday Enterprises ROCE % Chart

Navoday Enterprises Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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44.48

16.32

12.57

2.51

5.18

Navoday Enterprises Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial						12.44	4.63	0.41	8.52	1.81

Navoday Enterprises ROCE % Calculation

Navoday Enterprises'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 )
	=	4.491	/	( ( (108.639 - 23.29)	+	(146.845 - 58.705) )	/ 2 )
	=	4.491	/	( (85.349	+	88.14)	/ 2 )
	=	4.491	/	86.7445
	=	5.18 %

Navoday Enterprises's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	1.596	/	( ( (132.49 - 44.46)	+	(146.845 - 58.705) )	/ 2 )
	=	1.596	/	( ( 88.03	+	88.14 )	/ 2 )
	=	1.596	/	88.085
	=	1.81 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Navoday Enterprises (BOM:543305) 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.

Navoday Enterprises ROCE % Related Terms

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Navoday Enterprises (BOM:543305) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Navoday Enterprises Ltd (BOM:543305) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

New Link Road, B-713, 7th Floor, Crystal Plaza, Opposite Infinity Mall, Andheri (West), Mumbai, MH, IND, 400 053

Website

https://www.navodayenterprise.com

Navoday Enterprises Ltd operates in three business verticals namely Marketing support and Advertising, Management and Financial Consultancy services, and Component Supply and support services to manufacturers of packaging and allied machines.

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