Universal Stainless & Alloy Products (FRA:US6) ROCE % : 9.32% (As of Mar. 2024)

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What is Universal Stainless & Alloy Products 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. Universal Stainless & Alloy Products's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.32%.

Universal Stainless & Alloy Products ROCE % Historical Data

The historical data trend for Universal Stainless & Alloy Products'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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Universal Stainless & Alloy Products ROCE % Chart

Universal Stainless & Alloy Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.56

-6.89

-0.67

-2.11

4.30

Universal Stainless & Alloy Products Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															1.86	3.89	5.63	6.07	9.32

Universal Stainless & Alloy Products ROCE % Calculation

Universal Stainless & Alloy Products'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 )
	=	12.583	/	( ( (342.987 - 42.952)	+	(327.085 - 42.099) )	/ 2 )
	=	12.583	/	( (300.035	+	284.986)	/ 2 )
	=	12.583	/	292.5105
	=	4.30 %

Universal Stainless & Alloy Products's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	26.656	/	( ( (327.085 - 42.099)	+	(327.47 - 40.347) )	/ 2 )
	=	26.656	/	( ( 284.986	+	287.123 )	/ 2 )
	=	26.656	/	286.0545
	=	9.32 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Universal Stainless & Alloy Products (FRA:US6) 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.

Universal Stainless & Alloy Products ROCE % Related Terms

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Universal Stainless & Alloy Products (FRA:US6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Universal Stainless & Alloy Products Inc (FRA:US6) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

USAP:USA

Address

600 Mayer Street, Bridgeville, PA, USA, 15017

Website

https://www.univstainless.com

Universal Stainless & Alloy Products Inc manufactures and markets semi-finished and finished specialty steel products, including stainless steel, nickel alloys, tool steel, and certain other alloyed steels. The company along with its subsidiaries involves melting, remelting, heat treating, hot and cold rolling, forging, machining and cold drawing of semi-finished and finished specialty steels.

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