Unilever (BSP:ULEV34) ROCE % : 17.86% (As of Dec. 2023)

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What is Unilever 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. Unilever's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.86%.

Unilever ROCE % Historical Data

The historical data trend for Unilever'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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Unilever ROCE % Chart

Unilever Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.68

22.02

18.78

20.18

19.60

Unilever 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															18.88	16.22	24.17	21.39	17.86

Unilever ROCE % Calculation

Unilever'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 )
	=	55645.057	/	( ( (432417.663 - 141286.849)	+	(402168.317 - 125604.797) )	/ 2 )
	=	55645.057	/	( (291130.814	+	276563.52)	/ 2 )
	=	55645.057	/	283847.167
	=	19.60 %

Unilever'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 )
	=	49478.896	/	( ( (412322.604 - 134657.309)	+	(402168.317 - 125604.797) )	/ 2 )
	=	49478.896	/	( ( 277665.295	+	276563.52 )	/ 2 )
	=	49478.896	/	277114.4075
	=	17.86 %

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

Unilever (BSP:ULEV34) 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.

Unilever ROCE % Related Terms

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Unilever (BSP:ULEV34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Unilever PLC (BSP:ULEV34) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

UNLYF:USA UL:USA UNA:Netherlands ULN:Mexico ULVRl:UK ULVR:UK UNVB:Germany ULVR:Austria

Address

100 Victoria Embankment, London, GBR, EC4Y 0DY

Website

https://www.unilever.com

Unilever is a diversified personal-care (52% of 2022 sales by value), homecare (14%), and packaged food (34%) company. Its brands include Knorr soups and sauces, Hellmann's mayonnaise, Axe and Dove skin products, and the TRESemme haircare brand. The firm has been acquisitive in recent years; notable purchases include Paula's Choice, Liquid I.V., Horlicks, Garancia, and The Vegetarian Butcher.

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