United Power Co (MUS:UECS) ROCE % : -11.57% (As of Dec. 2019)

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What is United Power Co 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 Power Co's annualized ROCE % for the quarter that ended in Dec. 2019 was -11.57%.

United Power Co ROCE % Historical Data

The historical data trend for United Power Co'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 Power Co ROCE % Chart

United Power Co Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

ROCE %

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13.54

14.70

4.91

-7.76

-11.57

United Power Co Semi-Annual Data
	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19
ROCE %	Get a 7-Day Free Trial							13.54	14.70	4.91	-7.76	-11.57

United Power Co ROCE % Calculation

United Power Co's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	-0.731	/	( ( (9.108 - 1.443)	+	(6.361 - 1.388) )	/ 2 )
	=	-0.731	/	( (7.665	+	4.973)	/ 2 )
	=	-0.731	/	6.319
	=	-11.57 %

United Power Co's ROCE % of for the quarter that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2019 )		(Q: Dec. 2018 )		(Q: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2019 )		(Q: Dec. 2018 )		(Q: Dec. 2019 )
	=	-0.731	/	( ( (9.108 - 1.443)	+	(6.361 - 1.388) )	/ 2 )
	=	-0.731	/	( ( 7.665	+	4.973 )	/ 2 )
	=	-0.731	/	6.319
	=	-11.57 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2019) EBIT data.

United Power Co (MUS:UECS) 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 Power Co ROCE % Related Terms

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United Power Co (MUS:UECS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » United Power Co (MUS:UECS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jawharat Al Shatti, P.O. Box 147, Muscat, OMN, 134

Website

http://www.upcmanah.com

United Power Co Formerly United Power builds, owns and operates a power station at Mannah and interconnection and transmission facilities. The Manah Power Station operates on Dispatch Orders from Oman Power and Water Procurement Company (OPWP) and all the net energy from the Manah Power Station is sold to OPWP, which is responsible for all power purchase in Oman.

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