NOTR (Nowtransit) ROCE % : 194.74% (As of Jun. 2024)

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What is Nowtransit 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. Nowtransit's annualized ROCE % for the quarter that ended in Jun. 2024 was 194.74%.

Nowtransit ROCE % Historical Data

The historical data trend for Nowtransit'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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Nowtransit ROCE % Chart

Nowtransit Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Dec23

ROCE %

-100.00

-5,200.00

-18,400.00

-7,200.00

Nowtransit Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial														-	-	-15,200.00	-392.59	194.74

Nowtransit ROCE % Calculation

Nowtransit'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: Aug. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Aug. 2022 )		(A: Dec. 2023 )
	=	-0.252	/	( ( (0.016 - 0.002)	+	(0.093 - 0.1) )	/ 2 )
	=	-0.252	/	( (0.014	+	-0.007)	/ 2 )
	=	-0.252	/	0.0035
	=	-7,200.00 %

Nowtransit's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	0.296	/	( ( (0.155 - 0.04)	+	(0.214 - 0.025) )	/ 2 )
	=	0.296	/	( ( 0.115	+	0.189 )	/ 2 )
	=	0.296	/	0.152
	=	194.74 %

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

Nowtransit (OTCPK:NOTR) 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.

Nowtransit ROCE % Related Terms

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Nowtransit Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Nowtransit Inc (OTCPK:NOTR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2825 East Cottonwood Parkway, Suite 500 - No. 5130, Salt Lake City, USA, 84121

Website

https://www.nowtransitinc.com

Nowtransit Inc is a start-up company. The company intends to create an online platform that will provide transport services. It is planning to target Europe and North America markets.

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