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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. FreightCar America's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.60%.
The historical data trend for FreightCar America'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.
FreightCar America Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | -35.30 | -54.45 | -22.00 | -9.87 | -6.54 |
FreightCar America 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 | -5.10 | 7.26 | -55.37 | 17.07 | -0.60 |
FreightCar America'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 ) | |||||
= | -7.057 | / | ( ( (199.738 - 105.985) | + | (259.459 - 137.361) ) | / 2 ) | |
= | -7.057 | / | ( (93.753 | + | 122.098) | / 2 ) | |
= | -7.057 | / | 107.9255 | ||||
= | -6.54 % |
FreightCar America'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 ) | |||||
= | -0.796 | / | ( ( (229.309 - 85.457) | + | (259.459 - 137.361) ) | / 2 ) | |
= | -0.796 | / | ( ( 143.852 | + | 122.098 ) | / 2 ) | |
= | -0.796 | / | 132.975 | ||||
= | -0.60 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.
* 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.
FreightCar America (NAS:RAIL) 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.
Thank you for viewing the detailed overview of FreightCar America's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Benavides Alejandro Gil | 10 percent owner | BARRANQUILLA 404 COLONIA GRADALUPE, MONCLOVA N9 25750 |
Nicholas J Randall | officer: Chief Operating Officer | 125 S WACKER DRIVE, SUITE 1500, CHICAGO IL 60606 |
De Nigris Felan Jose | director | 125 S WACKER DRIVE, SUITE 1500, CHICAGO IL 60606 |
James R Meyer | director, officer: President and CEO | TWO NORTH RIVERSIDE PLAZA, SUITE 1300, CHICAGO IL 60606 |
W Matthew Tonn | officer: Chief Commercial Officer | 2 N RIVERSIDE PLAZA, SUITE 1300, CHICAGO IL 60606 |
Fuentes Sierra Juan Carlos | officer: Corporate Controller & CAO | 125 S WACKER DRIVE, SUITE 1500, CHICAGO IL 60606 |
Celia Perez | officer: GC and Corp Secretary | 125 S WACKER DRIVE, SUITE 1500, CHICAGO IL 60606 |
Travis D Kelly | director | 125 S WACKER DRIVE, SUITE 1500, CHICAGO IL 60606 |
Michael Anthony Riordan | officer: Corporate Controller and CAO | 125 SOUTH WACKER DRIVE, SUITE 1500, CHICAGO IL 60606 |
Rodger L Boehm | director | 165 WESTVIEW ROAD, WINNETKA IL 60093 |
Pacific Investment Management Co Llc | 10 percent owner | 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660 |
Terence R Rogers | officer: Vice Pres, CFO and Treasurer | RYERSON INC, 2621 W. 15TH PLACE, CHICAGO IL 60608 |
Gil Benavides Jesus Salvador | director | 125 S. WACKER DRIVE, SUITE 1500, C/O FREIGHTCAR AMERICA, INC., CHICAGO IL 60606 |
Fabricaciones Y Servicios De Mexico, S.a. De C.v. | 10 percent owner | CARRETARA 57 KM 178, CASTANOS O5 25870 |
Elizabeth K Arnold | director | 8310 S. VALLEY HWY, SUITE 350, DENVER CO 80112 |
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