Tubos Reunidos (XMAD:TRG) ROCE % : 2.78% (As of Dec. 2023)

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What is Tubos Reunidos 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. Tubos Reunidos's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.78%.

Tubos Reunidos ROCE % Historical Data

The historical data trend for Tubos Reunidos'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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Tubos Reunidos ROCE % Chart

Tubos Reunidos Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-7.29

-25.07

-15.41

18.56

20.42

Tubos Reunidos Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-7.53	7.53	30.08	37.51	2.78

Tubos Reunidos ROCE % Calculation

Tubos Reunidos'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 )
	=	75.79	/	( ( (543.647 - 200.196)	+	(529.964 - 131.179) )	/ 2 )
	=	75.79	/	( (343.451	+	398.785)	/ 2 )
	=	75.79	/	371.118
	=	20.42 %

Tubos Reunidos'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	11.168	/	( ( (588.028 - 182.83)	+	(529.964 - 131.179) )	/ 2 )
	=	11.168	/	( ( 405.198	+	398.785 )	/ 2 )
	=	11.168	/	401.9915
	=	2.78 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Tubos Reunidos (XMAD:TRG) 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.

Tubos Reunidos ROCE % Related Terms

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Tubos Reunidos (XMAD:TRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tubos Reunidos SA (XMAD:TRG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TU1:Germany

Address

Barrio de Sagarribai, 2, Amurrio, Alava, ESP, 01470

Website

http://www.tubosreunidos.com

Tubos Reunidos SA is a holding company. The company operates in the areas of the seamless tube, distribution, automotive and other sectors. Its products are essentially required by the energy sector; Oil and Gas, electrical power generation and petrochemical industry, as well as by machinery and special industrial applications. The product portfolio includes tubes manufactured in carbon, alloyed, high allowed and stainless, steels.

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