Urban Enviro Waste Management (NSE:URBAN) ROCE % : 51.16% (As of Sep. 2024)

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What is Urban Enviro Waste Management 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. Urban Enviro Waste Management's annualized ROCE % for the quarter that ended in Sep. 2024 was 51.16%.

Urban Enviro Waste Management ROCE % Historical Data

The historical data trend for Urban Enviro Waste Management'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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Urban Enviro Waste Management ROCE % Chart

Urban Enviro Waste Management Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

55.84

39.25

22.52

25.24

36.85

Urban Enviro Waste Management Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial			16.91	30.65	42.12	28.54	51.16

Urban Enviro Waste Management ROCE % Calculation

Urban Enviro Waste Management'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 )
	=	124.097	/	( ( (381.84 - 149.685)	+	(625.997 - 184.663) )	/ 2 )
	=	124.097	/	( (232.155	+	441.334)	/ 2 )
	=	124.097	/	336.7445
	=	36.85 %

Urban Enviro Waste Management'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: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	242.628	/	( ( (625.997 - 184.663)	+	(764.044 - 256.874) )	/ 2 )
	=	242.628	/	( ( 441.334	+	507.17 )	/ 2 )
	=	242.628	/	474.252
	=	51.16 %

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

Urban Enviro Waste Management (NSE:URBAN) 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.

Urban Enviro Waste Management ROCE % Related Terms

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Urban Enviro Waste Management Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Urban Enviro Waste Management Ltd (NSE:URBAN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Flat/Plot No. 401/127, Sarkar Apartment, Shankar Nagar, Nagpur, MH, IND, 440010

Website

http://www.urbanenviroltd.com

Urban Enviro Waste Management Ltd is engaged in the Indian MSW (Municipal Solid Waste) management industry providing MSW services which include solid waste collection, transportation, segregation of waste, and processing and disposal services across the cities in Gujarat, Rajasthan, Madhya Pradesh, Maharashtra, and Chattisgarh catering to local municipalities. The company helps to maintain cleanliness and sanitation in urban areas The company mainly operates in one segment which comprises waste management including Municipal Solid Waste, Biomedical, Industrial, slaughterhouse waste, and agricultural waste.

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