United Docks (XMAU:UTDL.N0000) ROCE % : 2.18% (As of Mar. 2024)

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What is United Docks 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 Docks's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.18%.

United Docks ROCE % Historical Data

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

United Docks Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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1.62

0.14

0.85

14.15

5.86

United Docks Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Mar24
ROCE %	Get a 7-Day Free Trial															2.38	0.93	1.29	16.52	2.18

United Docks ROCE % Calculation

United Docks's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	252.356	/	( ( (3649.184 - 36.624)	+	(5051.652 - 50.99) )	/ 2 )
	=	252.356	/	( (3612.56	+	5000.662)	/ 2 )
	=	252.356	/	4306.611
	=	5.86 %

United Docks'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: Jun. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Jun. 2023 )		(Q: Mar. 2024 )
	=	110.856	/	( ( (5051.652 - 50.99)	+	(5247.389 - 67.583) )	/ 2 )
	=	110.856	/	( ( 5000.662	+	5179.806 )	/ 2 )
	=	110.856	/	5090.234
	=	2.18 %

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

United Docks (XMAU:UTDL.N0000) 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 Docks ROCE % Related Terms

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United Docks Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » United Docks Ltd (XMAU:UTDL.N0000) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

United Docks Business Park, Caudan, Port Louis, MUS

Website

https://www.uniteddocks.com

United Docks Ltd is a Mauritius based company, engaged in activities of real estate and property development. Along with is subsidiaries it is also involved in real estate holdings, management of investments, renting of warehouses and offices and investment holding. The company develops different segments of real estate that include business parks, office buildings, warehousing, and industrial buildings, and mixed-use developments. The majority of its revenue is generated from rental income.

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