United Bus Service (XMAU:UBS.I0000) ROCE % : 1.07% (As of Dec. 2023)

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What is United Bus Service 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 Bus Service's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.07%.

United Bus Service ROCE % Historical Data

The historical data trend for United Bus Service'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 Bus Service ROCE % Chart

United Bus Service Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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11.96

6.26

7.35

10.81

6.10

United Bus Service Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															1.52	10.15	11.21	4.86	1.07

United Bus Service ROCE % Calculation

United Bus Service'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 )
	=	68.67	/	( ( (1224.846 - 247.021)	+	(1628.613 - 353.637) )	/ 2 )
	=	68.67	/	( (977.825	+	1274.976)	/ 2 )
	=	68.67	/	1126.4005
	=	6.10 %

United Bus Service's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	14.124	/	( ( (1639.416 - 314.171)	+	(1695.09 - 380.143) )	/ 2 )
	=	14.124	/	( ( 1325.245	+	1314.947 )	/ 2 )
	=	14.124	/	1320.096
	=	1.07 %

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

United Bus Service (XMAU:UBS.I0000) 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 Bus Service ROCE % Related Terms

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United Bus Service (XMAU:UBS.I0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » United Bus Service Ltd (XMAU:UBS.I0000) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Royal Road, Les Cassis, Port Louis, MUS

Website

https://www.ubsgroup.mu

United Bus Service Ltd is an investment company. It operates in three segments namely Bus transport services to the public, Property development, and Investment holding. It generates the majority of its revenue from bus transport services to the public.

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