Nouveau Global Ventures (BOM:531465) ROCE % : -0.08% (As of Dec. 2023)

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What is Nouveau Global Ventures 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. Nouveau Global Ventures's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.08%.

Nouveau Global Ventures ROCE % Historical Data

The historical data trend for Nouveau Global Ventures'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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Nouveau Global Ventures ROCE % Chart

Nouveau Global Ventures Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.22

-23.15

-13.87

0.16

-0.71

Nouveau Global Ventures Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															2.66	-15.73	-1.44	-0.94	-0.08

Nouveau Global Ventures ROCE % Calculation

Nouveau Global Ventures'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 )
	=	-1.053	/	( ( (188.717 - 33.157)	+	(166.357 - 24.907) )	/ 2 )
	=	-1.053	/	( (155.56	+	141.45)	/ 2 )
	=	-1.053	/	148.505
	=	-0.71 %

Nouveau Global Ventures's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.12	/	( ( (167.516 - 24.25)	+	(0 - 0) )	/ 1 )
	=	-0.12	/	( ( 143.266	+	0 )	/ 1 )
	=	-0.12	/	143.266
	=	-0.08 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Nouveau Global Ventures (BOM:531465) 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.

Nouveau Global Ventures ROCE % Related Terms

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Nouveau Global Ventures (BOM:531465) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Nouveau Global Ventures Ltd (BOM:531465) » Definitions » ROCE %

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Address

Dawood Baug Lane, Off J. P. Road, 401/A, Pearl Arcade, Opposite P. K. Jewellers, Andheri (West), Mumbai, MH, IND, 400 058

Website

http://www.nouveauglobal.com

Nouveau Global Ventures Ltd is an Indian based company. The company operates its business through four segments: Multimedia, Financial Consultancy, Dealing in Securities and Trading Division. The company generates the majority of the revenue from the Multimedia segment.

Nouveau Global Ventures (BOM:531465) Headlines

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