Unison Metals (BOM:538610) ROCE % : 6.67% (As of Dec. 2023)

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What is Unison Metals 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. Unison Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.67%.

Unison Metals ROCE % Historical Data

The historical data trend for Unison Metals'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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Unison Metals ROCE % Chart

Unison Metals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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21.07

18.35

17.25

14.43

14.75

Unison Metals 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															48.34	46.86	-11.65	-18.25	6.67

Unison Metals ROCE % Calculation

Unison Metals'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 )
	=	79.429	/	( ( (1401.686 - 877.608)	+	(1571.518 - 1018.483) )	/ 2 )
	=	79.429	/	( (524.078	+	553.035)	/ 2 )
	=	79.429	/	538.5565
	=	14.75 %

Unison Metals'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 )
	=	42.092	/	( ( (1655.384 - 1024.111)	+	(0 - 0) )	/ 1 )
	=	42.092	/	( ( 631.273	+	0 )	/ 1 )
	=	42.092	/	631.273
	=	6.67 %

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

Unison Metals (BOM:538610) 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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Unison Metals (BOM:538610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Unison Metals Ltd (BOM:538610) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Ramol Char Rasta, Plot No. 5015, Phase IV, GIDC Vatva, Ahmedabad, GJ, IND, 382445

Website

https://www.unisongroup.net

Unison Metals Ltd is engaged in the manufacturing of all kinds and forms of steel and Ceramic glaze mixture. The company manufactures hot and cold-rolled stainless steel sheets and stainless steel patta for a range of industrial applications. Its products include Serveware; Storage ware; S.S. Cookware, Ingots, Dinner Sets, Ceramic Glaze, Unilock Airlight, and others. The majority of the revenue is generated from the sale of C.R.Patta. The Company's main business activity is trading and Manufacturing Steel Patta and Ceramics Products.

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