Novra Technologies (TSXV:NVI) ROCE % : -126.02% (As of Sep. 2024)

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What is Novra Technologies 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. Novra Technologies's annualized ROCE % for the quarter that ended in Sep. 2024 was -126.02%.

Novra Technologies ROCE % Historical Data

The historical data trend for Novra Technologies'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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Novra Technologies ROCE % Chart

Novra Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-28.53

-56.64

14.20

-11.04

11.85

Novra Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															29.80	91.51	-152.48	-88.70	-126.02

Novra Technologies ROCE % Calculation

Novra Technologies's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	0.337	/	( ( (8.813 - 5.697)	+	(7.312 - 4.741) )	/ 2 )
	=	0.337	/	( (3.116	+	2.571)	/ 2 )
	=	0.337	/	2.8435
	=	11.85 %

Novra Technologies'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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-1.276	/	( ( (6.425 - 5.199)	+	(5.838 - 5.039) )	/ 2 )
	=	-1.276	/	( ( 1.226	+	0.799 )	/ 2 )
	=	-1.276	/	1.0125
	=	-126.02 %

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

Novra Technologies (TSXV:NVI) 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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Novra Technologies Business Description

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NVRVF:USA

Address

210 - 100 Innovation Drive, Winnipeg, MB, CAN, R3T 6G2

Website

https://www.novra.com

Novra Technologies Inc is engaged in the satellite data distribution business. It offers a comprehensive product portfolio including hardware, software, and services. In addition to its core video, radio, and data products, areas of expertise and added value include encryption and cybersecurity, next-generation hybrid networks (satellite/terrestrial/cloud), and efficient bandwidth utilization. The company is spread across the United States which is the key revenue driver, Canada, EMEA, and APAC.

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