Universal Display (LTS:0LJE) ROCE % : 16.02% (As of Mar. 2024)

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What is Universal Display 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. Universal Display's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.02%.

Universal Display ROCE % Historical Data

The historical data trend for Universal Display'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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Universal Display ROCE % Chart

Universal Display Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.00

15.27

19.10

19.96

14.74

Universal Display 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															12.88	16.28	13.13	17.03	16.02

Universal Display ROCE % Calculation

Universal Display's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	217.189	/	( ( (1532.82 - 135.697)	+	(1668.961 - 118.822) )	/ 2 )
	=	217.189	/	( (1397.123	+	1550.139)	/ 2 )
	=	217.189	/	1473.631
	=	14.74 %

Universal Display'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 )
	=	251.488	/	( ( (1668.961 - 118.822)	+	(1683.715 - 94.979) )	/ 2 )
	=	251.488	/	( ( 1550.139	+	1588.736 )	/ 2 )
	=	251.488	/	1569.4375
	=	16.02 %

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

Universal Display (LTS:0LJE) 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.

Universal Display ROCE % Related Terms

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Universal Display (LTS:0LJE) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Universal Display Corp (LTS:0LJE) » Definitions » ROCE %

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OLED:USA OLED:Mexico UVD:Germany

Address

250 Phillips Boulevard, Ewing, NJ, USA, 08618

Website

https://www.oled.com

Universal Display Corp researches, develops and manufactures organic light-emitting diode, or OLED, technologies for use in displays for mobile phones, tablets, televisions, wearables, personal computers, automotive interiors, and the solid-state lighting market. OLED technologies are an alternative to a light-emitting diode, or LED, technologies, in the solid-state lighting market, and liquid crystal displays in the flat-panel-display market. A large majority of the firm's revenue is generated in South Korea, with the rest coming from Japan, China, the United States, and other countries across the world.

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