Creative Newtech (NSE:CREATIVE) ROCE % : 28.97% (As of Sep. 2023)

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What is Creative Newtech 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. Creative Newtech's annualized ROCE % for the quarter that ended in Sep. 2023 was 28.97%.

Creative Newtech ROCE % Historical Data

The historical data trend for Creative Newtech'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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Creative Newtech ROCE % Chart

Creative Newtech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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30.73

26.66

35.71

36.92

36.84

Creative Newtech Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															41.64	32.53	28.18	28.97	-

Creative Newtech ROCE % Calculation

Creative Newtech'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 )
	=	678.888	/	( ( (2879.76 - 1517.812)	+	(3613.765 - 1289.858) )	/ 2 )
	=	678.888	/	( (1361.948	+	2323.907)	/ 2 )
	=	678.888	/	1842.9275
	=	36.84 %

Creative Newtech'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: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	586	/	( ( (0 - 0)	+	(3289.569 - 1267.117) )	/ 1 )
	=	586	/	( ( 0	+	2022.452 )	/ 1 )
	=	586	/	2022.452
	=	28.97 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Creative Newtech (NSE:CREATIVE) 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.

Creative Newtech ROCE % Related Terms

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Creative Newtech (NSE:CREATIVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Creative Newtech Ltd (NSE:CREATIVE) » Definitions » ROCE %

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Address

Kandivali Co Op Industrial Estate Limited, 3rd and 4th Floor, Plot No. 137AB, Charkop, Kandivali West, Mumbai, MH, IND, 400067

Website

https://www.creativenewtech.com

Creative Newtech Ltd is engaged in the business of distribution of IT products. Its operating segment includes Enterprise Business - EB; Fast Moving Social - Media Gadgets - FMSG; Fast Moving Electronics Goods - FMEG and Fast Moving Consumer Technology - FMCT. The company generates maximum revenue from the EB segment.

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