United Van Der Horst (BOM:522091) ROCE % : 10.27% (As of Dec. 2023)

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What is United Van Der Horst 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 Van Der Horst's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.27%.

United Van Der Horst ROCE % Historical Data

The historical data trend for United Van Der Horst'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 Van Der Horst ROCE % Chart

United Van Der Horst Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-4.70

2.58

4.91

4.05

7.73

United Van Der Horst Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															7.66	6.98	8.63	6.60	10.27

United Van Der Horst ROCE % Calculation

United Van Der Horst's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	48.747	/	( ( (604.944 - 22.259)	+	(734.445 - 56.054) )	/ 2 )
	=	48.747	/	( (582.685	+	678.391)	/ 2 )
	=	48.747	/	630.538
	=	7.73 %

United Van Der Horst'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 )
	=	74.472	/	( ( (819.251 - 94.185)	+	(0 - 0) )	/ 1 )
	=	74.472	/	( ( 725.066	+	0 )	/ 1 )
	=	74.472	/	725.066
	=	10.27 %

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

United Van Der Horst (BOM:522091) 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 Van Der Horst ROCE % Related Terms

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United Van Der Horst (BOM:522091) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » United Van Der Horst Ltd (BOM:522091) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

E-29/30 MIDC Industrial Area, Taloja, Raigad District, Navi Mumbai, MH, IND, 410208

Website

http://www.uvdhl.com

United Van Der Horst Ltd is a company engaged in providing reconditioning, re-standardizing, reverse engineering, and manufacturing services to the sectors such as marine, oil field, power plants, petrochemicals, and mining. The business segments of the group are Manufacturing and reconditioning; and Others, of which maximum revenue is derived from the Job work and reconditioning segment, which relates to job work of hydraulic cylinders. The group's process includes grinding, honing, chrome plating, boring, vertical turret lathe, and groove grinding. It offers products like hydraulic cylinders, pneumatic cylinders, hydraulic seals, pneumatic seals, telescopic cylinders, a coil buggy cylinder, rock breaker cylinder, jacking cylinder, and others.

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