Nova Agritech (NSE:NOVAAGRI) ROCE % : 0.00% (As of Dec. 2024)

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What is Nova Agritech 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. Nova Agritech's annualized ROCE % for the quarter that ended in Dec. 2024 was 0.00%.

Nova Agritech ROCE % Historical Data

The historical data trend for Nova Agritech'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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Nova Agritech ROCE % Chart

Nova Agritech Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

29.70

41.87

48.30

29.21

Nova Agritech Quarterly Data
	Mar21	Mar22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial				53.23	66.12	17.04	12.03	-

Nova Agritech ROCE % Calculation

Nova Agritech'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 )
	=	415.311	/	( ( (1807.834 - 989.434)	+	(2979.918 - 955.143) )	/ 2 )
	=	415.311	/	( (818.4	+	2024.775)	/ 2 )
	=	415.311	/	1421.5875
	=	29.21 %

Nova Agritech'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: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	602.792	/	( ( (0 - 0)	+	(0 - 0) )	/ 1 )
	=	602.792	/	( ( 0	+	0 )	/ 1 )
	=	602.792	/	0
	=	0 %

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

Nova Agritech (NSE:NOVAAGRI) 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.

Nova Agritech ROCE % Related Terms

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Nova Agritech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Nova Agritech Ltd (NSE:NOVAAGRI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

544100:India

Address

Sy.No.251/A/1, Singannaguda Village, Mulugu Mandal, Medak, Siddipet, TG, IND, 502279

Website

https://www.novaagri.in

Nova Agritech Ltd is an agri-input manufacturer company. It offers soil health management, crop nutrition, and crop protection products focused on tech-based farmer-driven solutions and also offers ecologically sustainable and nutritionally balanced products. It also manufactures, distributes and market a wide range of product categories consisting of (a) soil health management products; (b) crop nutrition products; (c) bio stimulant products (d) bio pesticide products (e) Integrated pest management products; (f) new technologies; and (g) crop protection products.

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