Navneet Education (NSE:NAVNETEDUL) ROCE % : 18.90% (As of Mar. 2024)

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What is Navneet Education 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. Navneet Education's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.90%.

Navneet Education ROCE % Historical Data

The historical data trend for Navneet Education'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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Navneet Education ROCE % Chart

Navneet Education Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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34.18

10.66

14.58

28.49

24.50

Navneet Education Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															19.29	12.62	69.31	-	18.90

Navneet Education ROCE % Calculation

Navneet Education'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 )
	=	3105.4	/	( ( (16565.4 - 4640.9)	+	(17472.2 - 4049.3) )	/ 2 )
	=	3105.4	/	( (11924.5	+	13422.9)	/ 2 )
	=	3105.4	/	12673.7
	=	24.50 %

Navneet Education'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 )
	=	2537.2	/	( ( (0 - 0)	+	(17472.2 - 4049.3) )	/ 1 )
	=	2537.2	/	( ( 0	+	13422.9 )	/ 1 )
	=	2537.2	/	13422.9
	=	18.90 %

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

Navneet Education (NSE:NAVNETEDUL) 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.

Navneet Education ROCE % Related Terms

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Navneet Education (NSE:NAVNETEDUL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Navneet Education Ltd (NSE:NAVNETEDUL) » Definitions » ROCE %

Traded in Other Exchanges

508989:India

Address

Bhavani Shankar Road, Navneet Bhavan, Near Shardashram Society, Dadar (West), Mumbai, MH, IND, 400028

Website

https://www.navneet.com

Navneet Education Ltd is engaged in the publication of knowledge-based information in educational and general books form as well as in electronic media and manufacturing of paper and other stationery items. The company provides educational syllabus-based content in print & digital mediums, manufactures scholastic paper stationery, publishes general and children's books and also Scholastic Non-Paper Stationary products including various titles in the Children and General books category, which are not based on the syllabus. It markets its products under the brand name Navneet, Vikas, Gala, Grafalco, FfUuNn and Boss. The company manages its business in segments namely Publication, Stationery and Others. It has a business presence in India and other countries.

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