Universal Arts (BOM:532378) ROCE % : 29.37% (As of Mar. 2024)

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What is Universal Arts 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 Arts's annualized ROCE % for the quarter that ended in Mar. 2024 was 29.37%.

Universal Arts ROCE % Historical Data

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

Universal Arts Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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0.34

-1.22

-2.63

-2.89

5.25

Universal Arts 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															-3.67	-3.78	-3.45	-2.31	29.37

Universal Arts ROCE % Calculation

Universal Arts'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 )
	=	3.601	/	( ( (67.057 - 0.325)	+	(70.581 - 0.076) )	/ 2 )
	=	3.601	/	( (66.732	+	70.505)	/ 2 )
	=	3.601	/	68.6185
	=	5.25 %

Universal Arts'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 )
	=	20.704	/	( ( (0 - 0)	+	(70.581 - 0.076) )	/ 1 )
	=	20.704	/	( ( 0	+	70.505 )	/ 1 )
	=	20.704	/	70.505
	=	29.37 %

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

Universal Arts (BOM:532378) 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 Arts ROCE % Related Terms

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Universal Arts (BOM:532378) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Universal Arts Ltd (BOM:532378) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

M. G. Road, Plot No. 45, Ganpati Bhavan, 1st Floor, Goregaon (West), Mumbai, MH, IND, 400062

Website

http://www.universal-arts.in

Universal Arts Ltd is engaged in the Entertainment Industry. It is engaged in the business of media such as TV serials, feature film production, trading in film rights, and television software. It has its EDIT V6 real-time non-linear editing systems. The EDIT system is being used by the company for editing serials of other production houses as well as its own. The company also offers movies to Doordarshan for a one-time single telecast.

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