Net Avenue Technologies (NSE:CBAZAAR) ROCE % : -21.08% (As of Mar. 2024)

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What is Net Avenue Technologies 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. Net Avenue Technologies's annualized ROCE % for the quarter that ended in Mar. 2024 was -21.08%.

Net Avenue Technologies ROCE % Historical Data

The historical data trend for Net Avenue Technologies'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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Net Avenue Technologies ROCE % Chart

Net Avenue Technologies Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

112.97

-21.08

Net Avenue Technologies Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
ROCE %	-	-	112.97	-21.08

Net Avenue Technologies ROCE % Calculation

Net Avenue Technologies'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 )
	=	-14.061	/	( ( (146.126 - 121.117)	+	(192.286 - 83.887) )	/ 2 )
	=	-14.061	/	( (25.009	+	108.399)	/ 2 )
	=	-14.061	/	66.704
	=	-21.08 %

Net Avenue Technologies'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: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	-14.061	/	( ( (146.126 - 121.117)	+	(192.286 - 83.887) )	/ 2 )
	=	-14.061	/	( ( 25.009	+	108.399 )	/ 2 )
	=	-14.061	/	66.704
	=	-21.08 %

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

Net Avenue Technologies (NSE:CBAZAAR) 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.

Net Avenue Technologies ROCE % Related Terms

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Net Avenue Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Net Avenue Technologies Ltd (NSE:CBAZAAR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Floor Prithvi Avenue, New No. 16, Old No. 13, 1st, Alwarpet, Chennai, TN, IND, 600018

Website

https://www.natl.in

Net Avenue Technologies Ltd is engaged in online digital direct-to-consumer business for Indian Ethnic wear and accessories. Its core business sells Indian Ethnic wear and accessories, catering to the South Asian Diaspora and its product range includes Indian ethnic wear and accessories for women, men, teens, and kids. The company distributes its products through various prominent E-commerce platforms, including but not limited to Myntra, Nykaa, and Ajio, among others.

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