Century Aluminum Co (Century Aluminum Co) ROCE % : 14.91% (As of Dec. 2023)

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What is Century Aluminum Co 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. Century Aluminum Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.91%.

Century Aluminum Co ROCE % Historical Data

The historical data trend for Century Aluminum Co'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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Century Aluminum Co ROCE % Chart

Century Aluminum Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.68

-7.81

-15.33

6.02

-2.92

Century Aluminum Co 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															-43.67	-11.51	1.92	-16.58	14.91

Century Aluminum Co ROCE % Calculation

Century Aluminum Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-31.3	/	( ( (1472 - 410.7)	+	(1846.5 - 763) )	/ 2 )
	=	-31.3	/	( (1061.3	+	1083.5)	/ 2 )
	=	-31.3	/	1072.4
	=	-2.92 %

Century Aluminum Co'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 )
	=	164.8	/	( ( (1761 - 634)	+	(1846.5 - 763) )	/ 2 )
	=	164.8	/	( ( 1127	+	1083.5 )	/ 2 )
	=	164.8	/	1105.25
	=	14.91 %

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

Century Aluminum Co (NAS:CENX) 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.

Century Aluminum Co ROCE % Related Terms

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Century Aluminum Co (Century Aluminum Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Century Aluminum Co (NAS:CENX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EY3:Germany

Address

One South Wacker Drive, Suite 1000, Chicago, IL, USA, 60606

Website

https://www.centuryaluminum.com

Century Aluminum Co produces primary aluminum standard grade and value-added products. The firm operates smelter facilities in the United States and Iceland. The majority of revenue is generated from Glencore, which agreed to purchase nearly all of Century Aluminum's North American production. Century purchases nearly all of its alumina from Glencore. The company produces high purity aluminum, standard grade aluminum sow and tee bars, and value-added billet and foundry products. Century also owns a carbon anode production facility in the Netherlands.

Executives

Peter A Trpkovski	officer: SVP, Finance and Treasurer	CENTURY ALUMINUM COMPANY, 1 S. WACKER DRIVE, SUITE 1000, CHICAGO IL 60606
Jesse E Gary	director, officer: President and CEO	2511 GARDEN ROAD, BUILDING A, SUITE 200, MONTEREY CA 93940
Robert F Hoffman	officer: See Remarks	1 S. WACKER DRIVE, SUITE 1000, CHICAGO IL 60606
Tamla A Olivier	director	CENTURY ALUMINUM COMPANY, 1 S. WACKER DRIVE, SUITE 1000, CHICAGO IL 60606
Matt Aboud	officer: SVP, Strategy & Business Dev't	CENTURY ALUMINUM COMPANY, 1 S. WACKER DRIVE, SUITE 1000, CHICAGO IL 60606
Ocorian Ltd	10 percent owner	26 NEW STREET, ST HELIER Y9 JE2 3RA
Ryfold Ltd	10 percent owner	26 NEW STREET, ST HELIER Y9 JE2 3RA
Givolon Ltd	10 percent owner	26 NEW STREET, ST HELIER Y9 JE2 3RA
Ryfold Trust	10 percent owner	ESPLANADE 13-14, ST HELIER Y9 JE1 1EE
Gerald C Bialek	officer: Chief Financial Officer	701 LIMA AVENUE, FINDLAY OH 45840
Andrew G Michelmore	director	LEVEL 23/28 FRESHWATER PLACE, P.O. BOX 19421, SOUTHBANK VICTORIA C3 3006
Jarl Berntzen	director	CENTURY ALUMINUM COMPANY, 2511 GARDEN ROAD, BLDG A, SUITE 200, MONTEREY CA 93940
Errol Glasser	director	505 PARK AVENUE, NEW YORK NY 10022
Jennifer Mary Bush	director	CENTURY ALUMINUM COMPANY, 1 S. WACKER DRIVE, SUITE 1000, CHICAGO IL 60606
John Dezee	officer: EVP and General Counsel	1 S WACKER DR, SUITE 1000, CHICAGO IL 60606