United Cable Industries (AMM:UCIC) ROCE % : 8.58% (As of Sep. 2024)

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What is United Cable Industries 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. United Cable Industries's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.58%.

United Cable Industries ROCE % Historical Data

The historical data trend for United Cable Industries'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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United Cable Industries ROCE % Chart

United Cable Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.77

2.52

2.09

2.97

4.60

United Cable Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															6.32	4.91	6.04	8.69	8.58

United Cable Industries ROCE % Calculation

United Cable Industries'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 )
	=	1.892	/	( ( (52.55 - 7.56)	+	(49.858 - 12.594) )	/ 2 )
	=	1.892	/	( (44.99	+	37.264)	/ 2 )
	=	1.892	/	41.127
	=	4.60 %

United Cable Industries's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	3.184	/	( ( (48.796 - 11.912)	+	(51.167 - 13.802) )	/ 2 )
	=	3.184	/	( ( 36.884	+	37.365 )	/ 2 )
	=	3.184	/	37.1245
	=	8.58 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

United Cable Industries (AMM:UCIC) 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.

United Cable Industries ROCE % Related Terms

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United Cable Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » United Cable Industries (AMM:UCIC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shmeisani - Issam Al Ajlouni Street, P.O. Box 4970, Notre Dame Complex, 3rd Floor, Behind Union Bank, Amman, JOR, 11953

Website

http://www.uciccables.com

United Cable Industries is a Jordan-based company. It manufactures and trades electrical wires, cables, and related products. Its products include domestic wires, low-voltage power cables, overhead conductors, control cables, and special cables. The company carries out sales in Jordan as well as in other countries, out of which it generates a vast majority of its revenue from local sales.

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