Uniroyal Marine Exports (BOM:526113) ROCE % : 46.81% (As of Dec. 2023)

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What is Uniroyal Marine Exports 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. Uniroyal Marine Exports's annualized ROCE % for the quarter that ended in Dec. 2023 was 46.81%.

Uniroyal Marine Exports ROCE % Historical Data

The historical data trend for Uniroyal Marine Exports'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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Uniroyal Marine Exports ROCE % Chart

Uniroyal Marine Exports Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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34.51

22.66

6.63

21.49

9.69

Uniroyal Marine Exports 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															32.18	-9.36	-0.43	-70.34	46.81

Uniroyal Marine Exports ROCE % Calculation

Uniroyal Marine Exports'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 )
	=	4.554	/	( ( (195.09 - 145.812)	+	(194.323 - 149.641) )	/ 2 )
	=	4.554	/	( (49.278	+	44.682)	/ 2 )
	=	4.554	/	46.98
	=	9.69 %

Uniroyal Marine Exports'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 )
	=	16.908	/	( ( (179.476 - 143.325)	+	(180.107 - 144.018) )	/ 2 )
	=	16.908	/	( ( 36.151	+	36.089 )	/ 2 )
	=	16.908	/	36.12
	=	46.81 %

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

Uniroyal Marine Exports (BOM:526113) 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.

Uniroyal Marine Exports ROCE % Related Terms

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Uniroyal Marine Exports (BOM:526113) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Uniroyal Marine Exports Ltd (BOM:526113) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

11/19 Vengalam PO, Chemanchery Panchayath, Kozhikode, KL, IND, 673303

Website

https://uniroyalmarine.com

Uniroyal Marine Exports Ltd is an integrated seafood exporter in India. Its business operations consist of the processing and exporting of marine products. The company is engaged in the business of purchasing, processing, curing, canning, freezing, selling, exporting and dealing in marine products. The firm offers shrimps, squids, cuttlefish, octopus, and seafood mix. Its activities are conducted principally in India.

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