United Express (United Express) ROCE % : -126.30% (As of Dec. 2023)

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What is United Express 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 Express's annualized ROCE % for the quarter that ended in Dec. 2023 was -126.30%.

United Express ROCE % Historical Data

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

United Express Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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8.89

75.68

-213.56

-155.56

United Express 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															218.18	-444.44	-533.33	784.16	-126.30

United Express ROCE % Calculation

United Express'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 )
	=	-0.007	/	( ( (0.008 - 0)	+	(0.001 - 0) )	/ 2 )
	=	-0.007	/	( (0.008	+	0.001)	/ 2 )
	=	-0.007	/	0.0045
	=	-155.56 %

United Express'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 )
	=	-8.352	/	( ( (0.1 - 0)	+	(13.126 - 0) )	/ 2 )
	=	-8.352	/	( ( 0.1	+	13.126 )	/ 2 )
	=	-8.352	/	6.613
	=	-126.30 %

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

United Express (OTCPK:UNXP) 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 Express ROCE % Related Terms

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United Express (United Express) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » United Express Inc (OTCPK:UNXP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4345 W. Post Road, Las Vegas, NV, USA, 89118

Website

https://www.unitedexpress.in

United Express Inc is engaged in providing service for long and short distance logistics for clients in the company's target market area. It operates as a general company of transportation, dispatch service logistics, delivery merchandises and other items for companies and individuals across the United State. The firm offers various services such as logistics, commodities freight and transportation, carriers, consistent fleet, and other related services. It generates its revenue from transportation service and logistics. The United Express operates as a general company of transportation, dispatch service logistics, delivery merchandises and other items for companies and individuals across the United State.

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