New Delhi Television (NSE:NDTV) ROCE % : -5.95% (As of Mar. 2024)

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What is New Delhi Television 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. New Delhi Television's annualized ROCE % for the quarter that ended in Mar. 2024 was -5.95%.

New Delhi Television ROCE % Historical Data

The historical data trend for New Delhi Television'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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New Delhi Television ROCE % Chart

New Delhi Television Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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38.92

62.37

44.44

22.00

-4.21

New Delhi Television Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															26.90	-3.64	7.44	-10.69	-5.95

New Delhi Television ROCE % Calculation

New Delhi Television'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 )
	=	-154.5	/	( ( (4659.77 - 1414.35)	+	(5993.6 - 1903.7) )	/ 2 )
	=	-154.5	/	( (3245.42	+	4089.9)	/ 2 )
	=	-154.5	/	3667.66
	=	-4.21 %

New Delhi Television'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 )
	=	-243.2	/	( ( (0 - 0)	+	(5993.6 - 1903.7) )	/ 1 )
	=	-243.2	/	( ( 0	+	4089.9 )	/ 1 )
	=	-243.2	/	4089.9
	=	-5.95 %

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

New Delhi Television (NSE:NDTV) 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.

New Delhi Television ROCE % Related Terms

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New Delhi Television (NSE:NDTV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » New Delhi Television Ltd (NSE:NDTV) » Definitions » ROCE %

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532529:India

Address

Archana Complex, B 50-A, 2nd Floor, Greater Kailash - I, New Delhi, IND, 110048

Website

https://www.ndtv.com

New Delhi Television Ltd is in the business of television media and currently operates three channels including a dual channel namely NDTV 24x7, NDTV India and NDTV Profit. The subsidiaries of the company include NDTV Convergence Ltd and NDTV Worldwide Ltd offers consultancy for setting up of local television news channels in emerging markets across the world. The company also has associates and joint venture engaged into different e-commerce businesses on various platforms such as www.Gadgets360.com and www.mojarto.com.

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