Umiya Tubes (BOM:539798) ROCE % : -2.71% (As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Umiya Tubes 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. Umiya Tubes's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.71%.

Umiya Tubes ROCE % Historical Data

The historical data trend for Umiya Tubes'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.

* Premium members only.

Umiya Tubes ROCE % Chart

Umiya Tubes Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

2.40

3.75

2.09

1.86

-20.94

Umiya Tubes 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															5.58	-102.14	-23.08	-7.77	-2.71

Umiya Tubes ROCE % Calculation

Umiya Tubes'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 )
	=	-36.104	/	( ( (285.694 - 102.393)	+	(247.482 - 86.024) )	/ 2 )
	=	-36.104	/	( (183.301	+	161.458)	/ 2 )
	=	-36.104	/	172.3795
	=	-20.94 %

Umiya Tubes'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 )
	=	-4.592	/	( ( (205.436 - 35.895)	+	(0 - 0) )	/ 1 )
	=	-4.592	/	( ( 169.541	+	0 )	/ 1 )
	=	-4.592	/	169.541
	=	-2.71 %

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

Umiya Tubes (BOM:539798) 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.

Umiya Tubes ROCE % Related Terms

Thank you for viewing the detailed overview of Umiya Tubes's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Umiya Tubes (BOM:539798) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Umiya Tubes Ltd (BOM:539798) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

208, 2nd Floor, Suman Tower, Sector - 11, Gandhinagar, GJ, IND, 382011

Website

http://www.umiyatubes.com

Umiya Tubes Ltd is engaged in the manufacturing of stainless steel pipes and tubes. Its production unit is situated at Toraniya village, Sabarkantha district, Gujarat, India. The production unit has a total installation capacity of 3600 MTPA and earlier the company started with a production capacity of 2040 MTPA. The company is currently manufacturing stainless decorative tubes and pipes which range between 9.52 mm to 76.2 mm in diameter and the thickness, on the other hand, ranges from .4 mm to 3.00 mm.

Umiya Tubes (BOM:539798) Headlines

No Headlines