The United Nilgiri Tea Estates Co (NSE:UNITEDTEA) ROCE % : 12.51% (As of Sep. 2024)

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What is The United Nilgiri Tea Estates 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. The United Nilgiri Tea Estates Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.51%.

The United Nilgiri Tea Estates Co ROCE % Historical Data

The historical data trend for The United Nilgiri Tea Estates 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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The United Nilgiri Tea Estates Co ROCE % Chart

The United Nilgiri Tea Estates Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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9.31

9.29

7.43

8.09

10.18

The United Nilgiri Tea Estates Co 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															9.50	10.89	7.85	8.33	12.51

The United Nilgiri Tea Estates Co ROCE % Calculation

The United Nilgiri Tea Estates Co'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 )
	=	204.734	/	( ( (1980.766 - 62.727)	+	(2169.31 - 65.626) )	/ 2 )
	=	204.734	/	( (1918.039	+	2103.684)	/ 2 )
	=	204.734	/	2010.8615
	=	10.18 %

The United Nilgiri Tea Estates Co'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 )
	=	275.532	/	( ( (0 - 0)	+	(2264.13 - 61.135) )	/ 1 )
	=	275.532	/	( ( 0	+	2202.995 )	/ 1 )
	=	275.532	/	2202.995
	=	12.51 %

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

The United Nilgiri Tea Estates Co (NSE:UNITEDTEA) 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.

The United Nilgiri Tea Estates Co ROCE % Related Terms

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The United Nilgiri Tea Estates Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The United Nilgiri Tea Estates Co Ltd (NSE:UNITEDTEA) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No. 3, Savithri Shanmugam Road, Race Course, Coimbatore, TN, IND, 641 018

Website

https://www.unitednilgiritea.com

The United Nilgiri Tea Estates Co Ltd is engaged in the growing, manufacturing and sale of tea. The company's operating segments includes Plantation and Commercial Property. It generates maximum revenue from the Plantation segment. Geographically, it operates in India and Outside India of which it derives a majority of revenue from Outside India. Its Bulk packet tea includes Special, Black, Green, Herbal and Gift tea. The company is also engaged in Letting-out of property.

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