Innovatus Entertainment Networks (BOM:543951) ROCE % : 6.54% (As of Mar. 2024)

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What is Innovatus Entertainment Networks 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. Innovatus Entertainment Networks's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.54%.

Innovatus Entertainment Networks ROCE % Historical Data

The historical data trend for Innovatus Entertainment Networks'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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Innovatus Entertainment Networks ROCE % Chart

Innovatus Entertainment Networks Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

20.77

15.99

10.34

12.18

9.31

Innovatus Entertainment Networks Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial			-	19.54	8.58	10.04	6.54

Innovatus Entertainment Networks ROCE % Calculation

Innovatus Entertainment Networks'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 )
	=	9.268	/	( ( (82.263 - 17.122)	+	(192.491 - 58.543) )	/ 2 )
	=	9.268	/	( (65.141	+	133.948)	/ 2 )
	=	9.268	/	99.5445
	=	9.31 %

Innovatus Entertainment Networks'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 )
	=	8.67	/	( ( (156.422 - 25.074)	+	(192.491 - 58.543) )	/ 2 )
	=	8.67	/	( ( 131.348	+	133.948 )	/ 2 )
	=	8.67	/	132.648
	=	6.54 %

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

Innovatus Entertainment Networks (BOM:543951) 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.

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Innovatus Entertainment Networks (BOM:543951) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Innovatus Entertainment Networks Ltd (BOM:543951) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Off New Link Road, 407, Crescent Royale, Andheri West, Mumbai, MH, IND, 400053

Website

https://www.innovatus.info

Innovatus Entertainment Networks Ltd is a creative platform for complete Infotainment with a 360-degree solution. The company offers all the Direct marketing solutions- Management, CRM, B2B and B2C, Activations and Exhibitions. The company focuses on concept development to creatives to a total turn-key presentation and on-ground execution.

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