Metalurgica Gerdau (BSP:GOAU3) ROCE % : 16.99% (As of Jun. 2023)

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What is Metalurgica Gerdau 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. Metalurgica Gerdau's annualized ROCE % for the quarter that ended in Jun. 2023 was 16.99%.

Metalurgica Gerdau ROCE % Historical Data

The historical data trend for Metalurgica Gerdau'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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Metalurgica Gerdau ROCE % Chart

Metalurgica Gerdau Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.87

9.05

37.54

27.63

16.39

Metalurgica Gerdau Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															27.01	13.70	28.69	16.99	-

Metalurgica Gerdau ROCE % Calculation

Metalurgica Gerdau'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 )
	=	10261.719	/	( ( (74769.525 - 13493.868)	+	(75232.462 - 11304.213) )	/ 2 )
	=	10261.719	/	( (61275.657	+	63928.249)	/ 2 )
	=	10261.719	/	62601.953
	=	16.39 %

Metalurgica Gerdau's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	10721.024	/	( ( (75746.608 - 13031.342)	+	(73795.457 - 10310.529) )	/ 2 )
	=	10721.024	/	( ( 62715.266	+	63484.928 )	/ 2 )
	=	10721.024	/	63100.097
	=	16.99 %

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

Metalurgica Gerdau (BSP:GOAU3) 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.

Metalurgica Gerdau ROCE % Related Terms

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Metalurgica Gerdau (BSP:GOAU3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Metalurgica Gerdau SA (BSP:GOAU3) » Definitions » ROCE %

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GOAU4:Brazil

Address

Avenida Farrapos, 1811, Porto Alegre, RS, BRA, 90220005

Website

https://www2.gerdau.com.br

Metalurgica Gerdau SA produces steel and steel products used in construction, industrial, agricultural and automotive sectors. Its products include steel columns, nails, transfer bars for the construction sector; billet, electrodes, mechanical construction wire rods for the industrial sector; staples, steel posts, tribars, galvanized wires for agricultural sector; mechanical construction ingots, mechanical construction wires, and various other products for the automotive sector. Its revenue is generated by sales of long steel to nonresidential construction and infrastructure sector in North America.

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