Nanavati Ventures (BOM:543522) ROCE % : -5.17% (As of Sep. 2023)

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What is Nanavati Ventures 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. Nanavati Ventures's annualized ROCE % for the quarter that ended in Sep. 2023 was -5.17%.

Nanavati Ventures ROCE % Historical Data

The historical data trend for Nanavati Ventures'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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Nanavati Ventures ROCE % Chart

Nanavati Ventures Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

318.11

5.08

0.33

1.63

Nanavati Ventures Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			3.31	-2.66	3.23	0.03	-5.17

Nanavati Ventures ROCE % Calculation

Nanavati Ventures's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	1.194	/	( ( (177.164 - 115.321)	+	(85.86 - 1.26) )	/ 2 )
	=	1.194	/	( (61.843	+	84.6)	/ 2 )
	=	1.194	/	73.2215
	=	1.63 %

Nanavati Ventures's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-7.792	/	( ( (85.86 - 1.26)	+	(265.296 - 48.617) )	/ 2 )
	=	-7.792	/	( ( 84.6	+	216.679 )	/ 2 )
	=	-7.792	/	150.6395
	=	-5.17 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Nanavati Ventures (BOM:543522) 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.

Nanavati Ventures ROCE % Related Terms

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Nanavati Ventures (BOM:543522) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nanavati Ventures Ltd (BOM:543522) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

S-414, OM Plaza, Adarsh App. Co-operative housing society, Village: Vijalpor, Taluka: Jalalpore, Navsari, GJ, IND, 396445

Website

http://www.nventures.co.in

Nanavati Ventures Ltd is a diamond trading company. The company sells diamonds largely to a domestic customer base that includes jewellery manufacturers, large department store chains, retail stores, and wholesalers.

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