Electro Aco Altona (BSP:EALT3) ROCE % : 17.71% (As of Dec. 2023)

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What is Electro Aco Altona 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. Electro Aco Altona's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.71%.

Electro Aco Altona ROCE % Historical Data

The historical data trend for Electro Aco Altona'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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Electro Aco Altona ROCE % Chart

Electro Aco Altona Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.14

13.66

17.17

15.77

17.21

Electro Aco Altona 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															0.95	14.71	11.29	18.20	17.71

Electro Aco Altona ROCE % Calculation

Electro Aco Altona'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 )
	=	59.614	/	( ( (512.986 - 182.045)	+	(560.724 - 199.06) )	/ 2 )
	=	59.614	/	( (330.941	+	361.664)	/ 2 )
	=	59.614	/	346.3025
	=	17.21 %

Electro Aco Altona'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 )
	=	63.348	/	( ( (548.977 - 195.132)	+	(560.724 - 199.06) )	/ 2 )
	=	63.348	/	( ( 353.845	+	361.664 )	/ 2 )
	=	63.348	/	357.7545
	=	17.71 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Electro Aco Altona (BSP:EALT3) 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.

Electro Aco Altona ROCE % Related Terms

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Electro Aco Altona (BSP:EALT3) Business Description

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EALT4:Brazil

Address

Engenheiro Paulo Werner Street, 925, Blumenau, SC, BRA, 89030900

Website

http://www.altona.com.br

Electro Aco Altona SA manufactures steel based machinery & equipment. Its product portfolio comprises of carbon steel, high & low alloy steel, manganese steel & heat resistant steel castings. It caters to industries like earthmoving & mining.The company divides its business into two sectors: Repetitive and Custom. The Repetitive sector is responsible for series production of items for self-propelled equipment assemblers, including customers active in the segment of construction and mining machinery. The Custom sector produces customized parts and assemblies.

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