North Eastern Carrying (NSE:NECCLTD) ROCE % : 7.89% (As of Dec. 2024)

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What is North Eastern Carrying 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. North Eastern Carrying's annualized ROCE % for the quarter that ended in Dec. 2024 was 7.89%.

North Eastern Carrying ROCE % Historical Data

The historical data trend for North Eastern Carrying'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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North Eastern Carrying ROCE % Chart

North Eastern Carrying Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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16.16

7.83

11.38

14.59

11.19

North Eastern Carrying Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															13.95	8.68	14.02	9.78	7.89

North Eastern Carrying ROCE % Calculation

North Eastern Carrying'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 )
	=	185.363	/	( ( (2434.043 - 1185.986)	+	(3168.23 - 1104.011) )	/ 2 )
	=	185.363	/	( (1248.057	+	2064.219)	/ 2 )
	=	185.363	/	1656.138
	=	11.19 %

North Eastern Carrying's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	191.228	/	( ( (3302.254 - 879.844)	+	(0 - 0) )	/ 1 )
	=	191.228	/	( ( 2422.41	+	0 )	/ 1 )
	=	191.228	/	2422.41
	=	7.89 %

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

North Eastern Carrying (NSE:NECCLTD) 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.

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North Eastern Carrying Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » North Eastern Carrying Corp Ltd (NSE:NECCLTD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

534615:India

Address

Ram Bagh Road, Azad Market, NECC House, 9062/47, Delhi, IND, 110006

Website

https://www.neccgroup.com

North Eastern Carrying Corp Ltd is engaged in the business of transportation. The firm offers freight management and customized logistics solutions. NECC offers; Parcel load movement; Full truckload services; Containerized movement of cargo; ODC Movement: Bulk Movement: Storage facility, and other transport-related services. Geographically the company has a presence in Nepal and operational setups in Bhutan and Bangladesh. It generates substantial revenue from Freight.

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