United Capital (NSA:UCAP) ROCE % : 3.90% (As of Sep. 2024)

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What is United Capital 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 Capital's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.90%.

United Capital ROCE % Historical Data

The historical data trend for United Capital'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 Capital ROCE % Chart

United Capital Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.66

20.20

24.11

22.67

26.28

United Capital Quarterly Data
	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial														-	5.57	49.12	-	3.90

United Capital ROCE % Calculation

United Capital'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 )
	=	85216.046	/	( ( (601915.211 - 317077.768)	+	(931948.18 - 568170.8) )	/ 2 )
	=	85216.046	/	( (284837.443	+	363777.38)	/ 2 )
	=	85216.046	/	324307.4115
	=	26.28 %

United Capital'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 )
	=	16592.156	/	( ( (1185628.479 - 815743.882)	+	(1264241.416 - 783157.5) )	/ 2 )
	=	16592.156	/	( ( 369884.597	+	481083.916 )	/ 2 )
	=	16592.156	/	425484.2565
	=	3.90 %

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

United Capital (NSA:UCAP) 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 Capital ROCE % Related Terms

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United Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » United Capital PLC (NSA:UCAP) » Definitions » ROCE %

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Address

97/105 Broad Street, 3rd & 4th Floor, Afriland Towers, Lagos Island, Lagos, NGA

Website

https://www.unitedcapitalplcgroup.com

United Capital PLC is a financial and investment services company. It is engaged in six business segments including Investment banking, Asset management, Wealth management, Trusteeship, Securities trading, Consumer finance services, and UCEE MF. It generates the majority of its revenue from the Investment banking segment which provides issuing houses, corporate investment advisory services, project finance, debt restructuring, mergers & acquisitions, and debt capital markets.

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