Materion (Materion) ROCE % : 7.43% (As of Dec. 2023)

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What is Materion 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. Materion's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.43%.

Materion ROCE % Historical Data

The historical data trend for Materion'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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Materion ROCE % Chart

Materion Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.34

1.42

7.05

8.75

9.40

Materion 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															11.09	10.30	9.69	9.80	7.43

Materion ROCE % Calculation

Materion'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 )
	=	139.154	/	( ( (1691.979 - 238.964)	+	(1762.726 - 254.995) )	/ 2 )
	=	139.154	/	( (1453.015	+	1507.731)	/ 2 )
	=	139.154	/	1480.373
	=	9.40 %

Materion'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 )
	=	112.836	/	( ( (1748.597 - 217.205)	+	(1762.726 - 254.995) )	/ 2 )
	=	112.836	/	( ( 1531.392	+	1507.731 )	/ 2 )
	=	112.836	/	1519.5615
	=	7.43 %

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

Materion (NYSE:MTRN) 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.

Materion ROCE % Related Terms

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Materion (Materion) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Materion Corp (NYSE:MTRN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BEM:Germany

Address

6070 Parkland Boulevard, Mayfield Heights, OH, USA, 44124

Website

https://www.materion.com

Materion Corp is a producer of engineered materials based in the United States. The company produces materials used in electrical, electronic, thermal, and structural applications. The company operates in four reportable segments: Performance Materials, Electronic Materials, Precision Optics, and Other. The majority of revenue is derived from Electronic Materials.

Executives

Gregory R. Chemnitz	officer: Vice President General Counsel	6070 PARKLAND BLVD., MAYFIELD HTS. OH 44124
Emily M Liggett	director
John M Zaranec	officer: Chief Accounting Officer	6070 PARKLAND BLVD, MAYFIELD HTS OH 44124
Craig S Shular	director	C/O GRAFTECH INTERNATIONAL LTD, 12900 SNOW ROAD, PARMA OH 44130
Shelly Marie Chadwick	officer: Vice President, Finance & CFO	6070 PARKLAND BLVD, MAYFIELD HTS. OH 44124
Vinod M Khilnani	director	905 WEST BLVD NORTH, ELKHART IN 46514
Patrick M. Prevost	director	C/O SOUTHWESTERN ENERGY COMPANY, 10000 ENERGY DRIVE, SPRING TX 77389-4954
Joseph P Kelley	officer: Vice President, Finance & CFO	6070 PARKLAND BLVD., MAYFIELD HEIGHTS OH 44124
Robert J Phillippy	director
Joseph P Keithley	director	NORDSON CORP, 28601 CLEMENS RD, WESTLAKE OH 44145
Richard J Hipple	officer: President of Alloy Products	10035 HUNTING DRIVE, BRECKSVILLE OH 44141
N Mohan Reddy	director	MATERION CORPORATION, 6070 PARKLAND BLVD., MAYFIELD HEIGHTS OH 44124
Jugal K. Vijayvargiya	officer: President and CEO	C/O DELPHI AUTOMOTIVE, 5725 DELPHI DRIVE, TROY MI 48098
John D Grampa	officer: VP Finance, CFO	MATERION CORPORATION, 6070 PARKLAND BLVD., MAYFIELD HEIGHTS OH 44124
William B Lawrence	director	7875 OLD MILL RD, GATES MILLS OH 44040