UNITE Group (UNITE Group) ROCE % : -0.01% (As of Dec. 2023)

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What is UNITE Group 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. UNITE Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.01%.

UNITE Group ROCE % Historical Data

The historical data trend for UNITE Group'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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UNITE Group ROCE % Chart

UNITE Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.85

-1.34

7.86

7.56

2.71

UNITE Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															9.40	13.51	1.62	5.26	-0.01

UNITE Group ROCE % Calculation

UNITE Group'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 )
	=	170	/	( ( (6569.915 - 276.005)	+	(6925.19 - 654.684) )	/ 2 )
	=	170	/	( (6293.91	+	6270.506)	/ 2 )
	=	170	/	6282.208
	=	2.71 %

UNITE Group'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-0.76	/	( ( (6921.465 - 297.601)	+	(6925.19 - 654.684) )	/ 2 )
	=	-0.76	/	( ( 6623.864	+	6270.506 )	/ 2 )
	=	-0.76	/	6447.185
	=	-0.01 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

UNITE Group (OTCPK:UTGPF) 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.

UNITE Group ROCE % Related Terms

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UNITE Group (UNITE Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » UNITE Group PLC (OTCPK:UTGPF) » Definitions » ROCE %

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UTGl:UK UTG:UK

Address

South Quay House, Temple Back, Bristol, GBR, BS1 6FL

Website

https://www.unite-group.co.uk

UNITE Group PLC develops and operates student housing. It has nearly 150 properties in the United Kingdom that can accommodate almost 50,000 students. Nearly 20% of its rental capacity is in London. The company rents rooms both directly to students and through partnerships with more than 50 universities. Properties often have communal kitchens and other common rooms. Rental income typically provides a portion of the company's revenue. The company also generates revenue from management and development fees and from property sales.