UPL (BOM:512070) ROCE % : 6.31% (As of Mar. 2024)

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What is UPL 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. UPL's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.31%.

UPL ROCE % Historical Data

The historical data trend for UPL'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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UPL ROCE % Chart

UPL Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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8.58

11.02

12.78

13.70

2.67

UPL 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															13.48	5.07	3.21	-3.16	6.31

UPL ROCE % Calculation

UPL'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 )
	=	16030	/	( ( (885770 - 290370)	+	(875460 - 268610) )	/ 2 )
	=	16030	/	( (595400	+	606850)	/ 2 )
	=	16030	/	601125
	=	2.67 %

UPL'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 )
	=	38320	/	( ( (0 - 0)	+	(875460 - 268610) )	/ 1 )
	=	38320	/	( ( 0	+	606850 )	/ 1 )
	=	38320	/	606850
	=	6.31 %

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

UPL (BOM:512070) 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.

UPL ROCE % Related Terms

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UPL (BOM:512070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » UPL Ltd (BOM:512070) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

UPL:India UPLL:UK

Address

UPL House, 610 B/2, Bandra Village, Off Western Express Highway, Bandra (East), Mumbai, MH, IND, 400051

Website

https://www.upl-ltd.com

UPL Ltd is a global crop protection and seed company with product sales to the agricultural industry. The Company derives revenue primarily from sale of agro-chemicals, seeds and other products. The firm's crop protection portfolio includes fungicides, herbicides, insecticides, plant growth regulators rodenticides, and specialty crop chemicals. The firm's seed products consist of nutri-feeds, seeds, and seed treatment products. UPL competes on price with the manufacture and sale of generic products. UPL generates its revenue worldwide, with sales in over 120 countries, and derives the largest share of its revenue in India. The firm sells its products through a distribution network in each region.

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