Namo eWaste Management (NSE:NAMOEWASTE) ROCE % : 19.60% (As of Sep. 2024)

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What is Namo eWaste Management 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. Namo eWaste Management's annualized ROCE % for the quarter that ended in Sep. 2024 was 19.60%.

Namo eWaste Management ROCE % Historical Data

The historical data trend for Namo eWaste Management'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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Namo eWaste Management ROCE % Chart

Namo eWaste Management Annual Data

Trend

Mar22

Mar23

Mar24

ROCE %

8.18

11.27

29.38

Namo eWaste Management Semi-Annual Data
	Mar22	Mar23	Sep23	Mar24	Sep24
ROCE %	-	-	26.35	31.82	19.60

Namo eWaste Management ROCE % Calculation

Namo eWaste Management'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 )
	=	102.858	/	( ( (391.226 - 78.197)	+	(627.474 - 240.225) )	/ 2 )
	=	102.858	/	( (313.029	+	387.249)	/ 2 )
	=	102.858	/	350.139
	=	29.38 %

Namo eWaste Management's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	122.504	/	( ( (627.474 - 240.225)	+	(1081.731 - 218.912) )	/ 2 )
	=	122.504	/	( ( 387.249	+	862.819 )	/ 2 )
	=	122.504	/	625.034
	=	19.60 %

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

Namo eWaste Management (NSE:NAMOEWASTE) 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.

Namo eWaste Management ROCE % Related Terms

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Namo eWaste Management Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Namo eWaste Management Ltd (NSE:NAMOEWASTE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

14/1, Main Mathura Road, Faridabad, HR, IND, 121003

Website

https://www.namoewaste.com

Namo eWaste Management Ltd is an E-Waste collection, disposal and recycling company that offers comprehensive services for recycling of electrical and electronic equipment (EEE) waste like Air Conditioners, refrigerators, Laptop, Phones, Washing Machines, Fans, etc. It is committed towards managing large volumes of electrical and electronic equipment waste and is able to extract all of the components of an electrical item including precious and semi-precious metals like Copper, Aluminium, Iron, etc.

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