Ushanti Colour Chem (NSE:UCL) ROCE % : 0.25% (As of Sep. 2023)

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What is Ushanti Colour Chem 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. Ushanti Colour Chem's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.25%.

Ushanti Colour Chem ROCE % Historical Data

The historical data trend for Ushanti Colour Chem'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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Ushanti Colour Chem ROCE % Chart

Ushanti Colour Chem Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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21.12

15.38

13.69

6.58

2.47

Ushanti Colour Chem Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial													8.37	5.17	1.10	3.68	0.25

Ushanti Colour Chem ROCE % Calculation

Ushanti Colour Chem'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 )
	=	14.342	/	( ( (603.876 - 195.353)	+	(1002.165 - 247.531) )	/ 2 )
	=	14.342	/	( (408.523	+	754.634)	/ 2 )
	=	14.342	/	581.5785
	=	2.47 %

Ushanti Colour Chem's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	1.836	/	( ( (1002.165 - 247.531)	+	(1082.27 - 340.574) )	/ 2 )
	=	1.836	/	( ( 754.634	+	741.696 )	/ 2 )
	=	1.836	/	748.165
	=	0.25 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Ushanti Colour Chem (NSE:UCL) 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.

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Ushanti Colour Chem (NSE:UCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ushanti Colour Chem Ltd (NSE:UCL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

88/8, Phase - 1, GIDC, Vatva, Ahmedabad, GJ, IND, 382445

Website

http://www.ushanti.com

Ushanti Colour Chem Ltd is engaged in the business of manufacturing and trading of dyestuffs. It manufactures reactive and direct dyestuffs. It also manufactures copper phthalocyamine, blue crude used for manufacturing dyestuffs. The company caters to textile, garment, cotton, leather, nylon, paper, wool, ink, wood, plastic and paint industries.