United Energy Group (FRA:1UEN) ROCE % : 18.44% (As of Jun. 2024)

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What is United Energy 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. United Energy Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 18.44%.

United Energy Group ROCE % Historical Data

The historical data trend for United Energy 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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United Energy Group ROCE % Chart

United Energy Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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6.63

14.11

17.89

-9.35

11.51

United Energy Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															16.91	23.26	-43.39	18.44	3.44

United Energy Group ROCE % Calculation

United Energy 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 )
	=	-202.697	/	( ( (3324.727 - 966.906)	+	(3032.77 - 1055.271) )	/ 2 )
	=	-202.697	/	( (2357.821	+	1977.499)	/ 2 )
	=	-202.697	/	2167.66
	=	-9.35 %

United Energy Group's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	366.064	/	( ( (3032.77 - 1055.271)	+	(3249.18 - 1256.578) )	/ 2 )
	=	366.064	/	( ( 1977.499	+	1992.602 )	/ 2 )
	=	366.064	/	1985.0505
	=	18.44 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

United Energy Group (FRA:1UEN) 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 Energy Group ROCE % Related Terms

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United Energy Group Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » United Energy Group Ltd (FRA:1UEN) » Definitions » ROCE %

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00467:Hong Kong

Address

Two Pacific Place, 88 Queensway, Admiralty, Suite 2505, 25th Floor, Hong Kong, HKG

Website

http://www.uegl.com.hk

United Energy Group Ltd is principally engaged in the investment and operation of upstream oil, natural gas, and other energy-related businesses. The company has two reportable segments; Exploration and production, and Trading. The Exploration and production segment which generates key revenue includes activities relating to the exploration and production of crude oil and natural gas in Pakistan, Middle East, and North Africa. The Trading segment represents its activities relating to the trading of petrochemicals. Geographically, the firm has operational footprints in Pakistan, Singapore, Egypt, United Arab Emirates, Oman, Malaysia, South Korea, and Iraq which is also its key revenue generating market.

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