Upper Tamakoshi Hydropower (XNEP:UPPER) ROCE % : 12.91% (As of Oct. 2023)

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What is Upper Tamakoshi Hydropower 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. Upper Tamakoshi Hydropower's annualized ROCE % for the quarter that ended in Oct. 2023 was 12.91%.

Upper Tamakoshi Hydropower ROCE % Historical Data

The historical data trend for Upper Tamakoshi Hydropower'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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Upper Tamakoshi Hydropower ROCE % Chart

Upper Tamakoshi Hydropower Annual Data

Trend

Jul18

Jul19

Jul20

Jul21

Jul22

ROCE %

-0.20

-0.10

-0.07

4.24

Upper Tamakoshi Hydropower Quarterly Data
	Jul18	Oct18	Jan19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Oct23
ROCE %	Get a 7-Day Free Trial															7.50	11.78	2.04	1.35	12.91

Upper Tamakoshi Hydropower ROCE % Calculation

Upper Tamakoshi Hydropower's annualized ROCE % for the fiscal year that ended in Jul. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2022 )		(A: Jul. 2021 )		(A: Jul. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2022 )		(A: Jul. 2021 )		(A: Jul. 2022 )
	=	3449.957	/	( ( (87975.597 - 6414.279)	+	(89833.107 - 8552.443) )	/ 2 )
	=	3449.957	/	( (81561.318	+	81280.664)	/ 2 )
	=	3449.957	/	81420.991
	=	4.24 %

Upper Tamakoshi Hydropower's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	10423.5	/	( ( (87261.755 - 8500.743)	+	(87773.939 - 4993.767) )	/ 2 )
	=	10423.5	/	( ( 78761.012	+	82780.172 )	/ 2 )
	=	10423.5	/	80770.592
	=	12.91 %

(1) Note: The EBIT data used here is four times the quarterly (Oct. 2023) EBIT data.

Upper Tamakoshi Hydropower (XNEP:UPPER) 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.

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Upper Tamakoshi Hydropower (XNEP:UPPER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Upper Tamakoshi Hydropower Ltd (XNEP:UPPER) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Annapurna Marg, Gyaneswor, Kathmandu, NPL, 44600

Website

https://www.utkhpl.org.np

Upper Tamakoshi Hydropower Ltd is engaged in the development and implementation of the hydro power project. It is involved in the business segment of Generation and sale of electricity.

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