Navoday Enterprises (BOM:543305) ROCE %: 2.04% (As of Sep. 2024)

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BOM:543305 Navoday Enterprises Ltd BOM:543305
12 GF Score
Price ₹5.69
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What is Navoday Enterprises ROCE %?

Navoday Enterprises BOM:543305 12 ROCE % is 2.04% as of Sep. 2024. GuruFocus rates BOM:543305 with a GF Score™ of 12/100.

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 Sep. 2024 was 2.04%.

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

Navoday Enterprises ROCE % Historical Data

* Premium members only.

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.

Navoday Enterprises ROCE % Chart

Navoday Enterprises Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROCE %
Get a 7-Day Free Trial 44.48 16.32 12.57 2.11 5.19

Navoday Enterprises Semi-Annual Data
Mar18 Mar19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.63 -0.39 -56.03 65.36 2.04
BOM:543305
12GF Score
Navoday Enterprises Ltd BOM:543305
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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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 )
=4.5/( ( (108.639 - 23.29) + (146.845 - 58.705) )/ 2 )
=4.5/( (85.349+88.14)/ 2 )
=4.5/86.7445
=5.19 %

Navoday Enterprises'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: Mar. 2024 )(Q: Sep. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2024 )  (Q: Mar. 2024 )(Q: Sep. 2024 )
=1.806/( ( (146.845 - 58.705) + (143.057 - 54.293) )/ 2 )
=1.806/( ( 88.14 + 88.764 )/ 2 )
=1.806/88.452
=2.04 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) 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 2.04% mean?
Navoday Enterprises (BOM:543305) has a ROCE % of 2.04% as of Sep. 2024.
Is Navoday Enterprises' ROCE % too high?
Navoday Enterprises' current ROCE % is 2.04%. The Media - Diversified industry median ROCE % is 3.21. Navoday Enterprises' value of 2.04% is 36.4% below this industry median. Overall, Navoday Enterprises has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Navoday Enterprises' ROCE % compare to OMC and IPG?
Navoday Enterprises' ROCE % of 2.04% can be compared against companies in the Media - Diversified industry. The industry median ROCE % is 3.21. Navoday Enterprises' value of 2.04% is 36.4% below this benchmark. 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 Media - Diversified company?
The median ROCE % among Media - Diversified companies is 3.21, based on 978 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. Navoday Enterprises's current ROCE % of 2.04% is 36.4% below the industry median. 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 Media - Diversified industry, the median ROCE % is 3.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Navoday Enterprises's current ROCE % is 2.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Navoday Enterprises stock overvalued right now?
Navoday Enterprises (BOM:543305) has a current ROCE % of 2.04%. The current ROCE % is 2.04% and 36.4% below the Media - Diversified industry median of 3.21. Navoday Enterprises' overall GF Score™ is 12/100. 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 Navoday Enterprises (BOM:543305), the current ROCE % is 2.04% as of Sep. 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.

Navoday Enterprises Business Description

Address New Link Road, B-713, 7th Floor, Crystal Plaza, Opposite Infinity Shopping Mall, Andheri (West), Mumbai, MH, IND, 400 053
Navoday Enterprises Ltd is engaged in events management which includes planning, organizing, and managing events. The company manages commercial events, corporate events, cultural events, and also small brand promotion events for their clients. It also engaged in branding and designing through print and online and digital media. And also design various publicity materials for clients such as Pham plates, brochures, flyers and others for own consumption.
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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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