United Polyfab Gujarat (NSE:UNITEDPOLY) ROCE % : 12.92% (As of Mar. 2024)

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What is United Polyfab Gujarat 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 Polyfab Gujarat's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.92%.

United Polyfab Gujarat ROCE % Historical Data

The historical data trend for United Polyfab Gujarat'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 Polyfab Gujarat ROCE % Chart

United Polyfab Gujarat Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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7.38

10.23

15.76

13.14

14.82

United Polyfab Gujarat Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															12.44	19.18	12.96	14.31	12.92

United Polyfab Gujarat ROCE % Calculation

United Polyfab Gujarat's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	213.464	/	( ( (1978.203 - 683.261)	+	(2428.037 - 841.41) )	/ 2 )
	=	213.464	/	( (1294.942	+	1586.627)	/ 2 )
	=	213.464	/	1440.7845
	=	14.82 %

United Polyfab Gujarat's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	205.02	/	( ( (0 - 0)	+	(2428.037 - 841.41) )	/ 1 )
	=	205.02	/	( ( 0	+	1586.627 )	/ 1 )
	=	205.02	/	1586.627
	=	12.92 %

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

United Polyfab Gujarat (NSE:UNITEDPOLY) 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 Polyfab Gujarat ROCE % Related Terms

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United Polyfab Gujarat (NSE:UNITEDPOLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » United Polyfab Gujarat Ltd (NSE:UNITEDPOLY) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Narol-Sarkhej Highway, Survey No. 238, 239, Shahwadi, Opposite New Aarvee Denim, Ahmedabad, GJ, IND, 382405

Website

https://www.upgl.in

United Polyfab Gujarat Ltd is an India-based company engaged in the business of trading and manufacturing of woven fabrics and yarn. The company also does the job work of manufacturing and weaving of grey denim, grey fabric, and grey cotton fabric. Its product portfolio comprises of products like Cotton yarn, Dyed fabric, Grey fabric, and Denim fabric. Majority of the revenue comes from the Indian market.

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