Steel Partners Holdings LP (Steel Partners Holdings LP) ROCE % : 15.35% (As of Mar. 2024)

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What is Steel Partners Holdings LP 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. Steel Partners Holdings LP's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.35%.

Steel Partners Holdings LP ROCE % Historical Data

The historical data trend for Steel Partners Holdings LP'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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Steel Partners Holdings LP ROCE % Chart

Steel Partners Holdings LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.29

6.92

8.58

17.65

14.81

Steel Partners Holdings LP 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															15.43	16.64	12.37	14.37	15.35

Steel Partners Holdings LP ROCE % Calculation

Steel Partners Holdings LP'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 )
	=	260.038	/	( ( (3235.849 - 1649.143)	+	(3990.44 - 2065.132) )	/ 2 )
	=	260.038	/	( (1586.706	+	1925.308)	/ 2 )
	=	260.038	/	1756.007
	=	14.81 %

Steel Partners Holdings LP'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 )
	=	284.104	/	( ( (3990.44 - 2065.132)	+	(3640.959 - 1864.948) )	/ 2 )
	=	284.104	/	( ( 1925.308	+	1776.011 )	/ 2 )
	=	284.104	/	1850.6595
	=	15.35 %

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

Steel Partners Holdings LP (NYSE:SPLPpT.PFD) 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.

Steel Partners Holdings LP ROCE % Related Terms

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Steel Partners Holdings LP (Steel Partners Holdings LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Steel Partners Holdings LP (NYSE:SPLPpT.PFD) » Definitions » ROCE %

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SPLPpA.PFD:USA SPLP:USA

Address

590 Madison Avenue, 32nd Floor, New York, NY, USA, 10022

Website

https://www.steelpartners.com

Steel Partners Holdings LP operates in industrial products, energy, defense, supply chain management and logistics, banking, and youth sports industries. It operates in various segments including the Diversified Industrial segment comprised of manufacturers of engineered niche industrial products, including joining materials, tubing, building materials, performance materials, electrical products, cutting replacement products and services, and metallized films and packaging businesses; the Energy segment provides drilling and production services to the oil and gas industry and owns a youth sports business; the Financial Services segment consists of the operations of WebBank, a Utah chartered industrial bank, which engages in a full range of banking activities.