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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. Alcoa's annualized ROCE % for the quarter that ended in Sep. 2016 was 5.96%.
The historical data trend for Alcoa'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.
Alcoa Annual Data | |||||||||||||||||||||
Trend | Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 4.66 | 2.38 | -4.27 | 3.15 | 2.36 |
Alcoa Quarterly Data | ||||||||||||||||||||
Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | |
ROCE % | Get a 7-Day Free Trial | 4.19 | -7.55 | 2.17 | 6.00 | 5.96 |
Alcoa's annualized ROCE % for the fiscal year that ended in Dec. 2015 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Dec. 2015 ) | (A: Dec. 2014 ) | (A: Dec. 2015 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Dec. 2015 ) | (A: Dec. 2014 ) | (A: Dec. 2015 ) | |||||
= | 746 | / | ( ( (37363 - 5458) | + | (36528 - 5211) ) | / 2 ) | |
= | 746 | / | ( (31905 | + | 31317) | / 2 ) | |
= | 746 | / | 31611 | ||||
= | 2.36 % |
Alcoa's ROCE % of for the quarter that ended in Sep. 2016 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Sep. 2016 ) | (Q: Jun. 2016 ) | (Q: Sep. 2016 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Sep. 2016 ) | (Q: Jun. 2016 ) | (Q: Sep. 2016 ) | |||||
= | 1864 | / | ( ( (36139 - 5488) | + | (37448 - 5500) ) | / 2 ) | |
= | 1864 | / | ( ( 30651 | + | 31948 ) | / 2 ) | |
= | 1864 | / | 31299.5 | ||||
= | 5.96 % |
(1) Note: The EBIT data used here is four times the quarterly (Sep. 2016) 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.
Alcoa (AMEX:ARNC.PR.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.
Thank you for viewing the detailed overview of Alcoa's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Joseph S Cantie | director | C/O DELPHI AUTOMOTIVE, 5725 DELPHI DRIVE, TROY MI 48098 |
Amy E Alving | director | ARCONIC INC., 390 PARK AVENUE, NEW YORK NY 10022 |
Tolga I Oal | director, officer: Co-Chief Executive Officer | 201 ISABELLA STREET, PITTSTBURGH PA 15212 |
John C Plant | director, officer: Chairman and Co-CEO | C/O MASCO CORPORATION, 17450 COLLEGE PARKWAY, LIVONIA MI 48152 |
Jody Miller | director | 225 SOUTH SIXTH STREET, 9TH FLOOR, MINNEAPOLIS MN 55402 |
James F Albaugh | director | C/O THE BOEING COMPANY, 100 NORTH RIVERSIDE PLAZA, CHICAGO IL 60606 |
Ulrich Schmidt | director | PRECISION CASTPARTS CORP., 4650 SW MACADAM AVENUE, SUITE 400, PORTLAND OR 97239 |
Nicole Weyerhaeuser Piasecki | director | 2000 WELLS FARGO PLACE, 30 EAST 7TH STREET, SAINT PAUL MN 55101-4930 |
Robert F Leduc | director | UNITED TECHNOLOGIES CORP, 10 FARM SPRINGS ROAD, FARMINGTON CT 06032 |
David J Miller | director | C/O ELLIOTT MANAGEMENT CORPORATION, 40 WEST 57TH STREET, NEW YORK NY 10019 |
Neil Edward Marchuk | officer: EVP, HR | 12025 TECH CENTER DRIVE, LIVONIA MI 48150 |
Katherine H Ramundo | officer: CLO and Corporate Secretary | C/O APTIV, 5725 INNOVATION DRIVE, TROY MI 48098 |
W Paul Myron | officer: Vice President and Controller | ALCOA INC., 390 PARK AVENUE, NEW YORK NY 10022-4608 |
Ken Giacobbe | officer: CFO | ALCOA INC., 390 PARK AVENUE, NEW YORK NY 10022-4608 |
Timothy Donald Myers | officer: Executive Vice President | ALCOA INC., 390 PARK AVENUE, NEW YORK NY 10022-4608 |
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