Nagarro SE (Nagarro SE) ROCE % : 20.81% (As of Mar. 2024)

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What is Nagarro SE 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. Nagarro SE's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.81%.

Nagarro SE ROCE % Historical Data

The historical data trend for Nagarro SE'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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Nagarro SE ROCE % Chart

Nagarro SE Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.23

23.36

14.12

27.37

18.75

Nagarro SE Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial													21.18	16.96	17.65	17.61	20.81

Nagarro SE ROCE % Calculation

Nagarro SE's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	95.976	/	( ( (655.764 - 190.11)	+	(741.4 - 183.575) )	/ 2 )
	=	95.976	/	( (465.654	+	557.825)	/ 2 )
	=	95.976	/	511.7395
	=	18.75 %

Nagarro SE'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	119.444	/	( ( (741.4 - 183.575)	+	(760.503 - 170.238) )	/ 2 )
	=	119.444	/	( ( 557.825	+	590.265 )	/ 2 )
	=	119.444	/	574.045
	=	20.81 %

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

Nagarro SE (OTCPK:NGRRF) 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.

Nagarro SE ROCE % Related Terms

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Nagarro SE (Nagarro SE) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Nagarro SE (OTCPK:NGRRF) » Definitions » ROCE %

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NA9d:UK 0AA3:UK NA9:Germany

Address

Baierbrunner Street 15, Munich, BY, DEU, 81379

Website

https://www.nagarro.com

Nagarro SE is a digital engineering company. It offers application development and management, digital product engineering, artificial intelligence and machine learning, cloud solutions, digital marketing, IoT solutions, digital commerce solutions, managed services, and others. The company's geographical segment includes North America, Central Europe, Rest of Europe, and Rest of World. It derives a majority of its revenue from the Central Europe segment.