Veritaas Advertising (NSE:VERITAAS) ROCE % : 16.94% (As of Sep. 2024)

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What is Veritaas Advertising 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. Veritaas Advertising's annualized ROCE % for the quarter that ended in Sep. 2024 was 16.94%.

Veritaas Advertising ROCE % Historical Data

The historical data trend for Veritaas Advertising'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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Veritaas Advertising ROCE % Chart

Veritaas Advertising Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

104.73

46.89

84.86

Veritaas Advertising Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
ROCE %	-	-	-	148.99	16.94

Veritaas Advertising ROCE % Calculation

Veritaas Advertising's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	8.065	/	( ( (26.9 - 21.26)	+	(53.058 - 39.691) )	/ 2 )
	=	8.065	/	( (5.64	+	13.367)	/ 2 )
	=	8.065	/	9.5035
	=	84.86 %

Veritaas Advertising'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: Sep. 2023 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Sep. 2023 )		(Q: Sep. 2024 )
	=	23.634	/	( ( (0 - 0)	+	(193.793 - 54.276) )	/ 1 )
	=	23.634	/	( ( 0	+	139.517 )	/ 1 )
	=	23.634	/	139.517
	=	16.94 %

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

Veritaas Advertising (NSE:VERITAAS) 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.

Veritaas Advertising ROCE % Related Terms

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Veritaas Advertising Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Veritaas Advertising Ltd (NSE:VERITAAS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gariahat South Road, 38/2A, Dhakuria, Rash Behari Avenue, Kolkata, WB, IND, 700029

Website

https://www.veritaasadvertising.com

Veritaas Advertising Ltd is an integrated advertising agency offering 360-degree services across multiple platforms. It operate/advertise in police booths and outdoor hoardings and offer marketing and advertising services through the following platforms OOH, Transit Media and Events. It provide high-end ecosystem and end-to-end advertising solutions platform for advertising media services consisting of Brand Strategy, Events, Outdoor (OOH) Media services which covers advertisement modes such as police booth hoardings, Newspapers insertions, Brochures, and display of Outdoor Hoardings, etc.

Veritaas Advertising Headlines

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