Uni Abex Alloy Products (BOM:504605) ROCE % : 16.47% (As of Mar. 2024)

View and export this data going back to 2001. Start your Free Trial

What is Uni Abex Alloy Products 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. Uni Abex Alloy Products's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.47%.

Uni Abex Alloy Products ROCE % Historical Data

The historical data trend for Uni Abex Alloy Products'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.

* Premium members only.

Uni Abex Alloy Products ROCE % Chart

Uni Abex Alloy Products Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

32.85

31.80

27.69

34.48

48.38

Uni Abex Alloy Products Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															42.67	55.42	68.94	56.62	16.47

Uni Abex Alloy Products ROCE % Calculation

Uni Abex Alloy Products'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 )
	=	487.135	/	( ( (1264.153 - 414.956)	+	(1625.372 - 460.775) )	/ 2 )
	=	487.135	/	( (849.197	+	1164.597)	/ 2 )
	=	487.135	/	1006.897
	=	48.38 %

Uni Abex Alloy Products'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 )
	=	191.84	/	( ( (0 - 0)	+	(1625.372 - 460.775) )	/ 1 )
	=	191.84	/	( ( 0	+	1164.597 )	/ 1 )
	=	191.84	/	1164.597
	=	16.47 %

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

Uni Abex Alloy Products (BOM:504605) 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.

Uni Abex Alloy Products ROCE % Related Terms

Thank you for viewing the detailed overview of Uni Abex Alloy Products's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Uni Abex Alloy Products (BOM:504605) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Uni Abex Alloy Products Ltd (BOM:504605) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Sir Vithaldas Thackersey Marg, Liberty Building, Mumbai, MH, IND, 400020

Website

https://www.uniabex.com

Uni Abex Alloy Products Ltd is engaged in the manufacturing of steel castings and products. The company produces static, centrifugal castings and assemblies in heat and corrosion-resistant alloys. It offers products such as reformer tubes, harp assemblies, air injection tubes, feed tubes, bowl cylinders, Glendon coils, sink rolls, ring segments, radiant tubes, and cages. The company's product is used by various industries such as refinery, petrochemical and fertilizer, sponge iron, iron and steel, galvanizing plants, metal gasket, furnace, decanter, and valve manufacturers.

Uni Abex Alloy Products (BOM:504605) Headlines

No Headlines