United States Steel (BUE:X) ROCE % : -3.83% (As of Dec. 2023)

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What is United States Steel 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. United States Steel's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.83%.

United States Steel ROCE % Historical Data

The historical data trend for United States Steel'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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United States Steel ROCE % Chart

United States Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.46

-12.84

43.24

28.59

9.44

United States Steel 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															7.19	7.73	17.67	10.30	-3.83

United States Steel ROCE % Calculation

United States Steel'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 )
	=	403959	/	( ( (3262133.61 - 663726.332)	+	(7382811.007 - 1425228.001) )	/ 2 )
	=	403959	/	( (2598407.278	+	5957583.006)	/ 2 )
	=	403959	/	4277995.142
	=	9.44 %

United States Steel'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 )
	=	-225264	/	( ( (7137230.447 - 1330159.987)	+	(7382811.007 - 1425228.001) )	/ 2 )
	=	-225264	/	( ( 5807070.46	+	5957583.006 )	/ 2 )
	=	-225264	/	5882326.733
	=	-3.83 %

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

United States Steel (BUE:X) 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.

United States Steel ROCE % Related Terms

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United States Steel (BUE:X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » United States Steel Corp (BUE:X) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

X:USA X:Mexico 1USX1:Italy USX1:Germany X:Chile USSX34:Brazil

Address

600 Grant Street, Pittsburgh, PA, USA, 15219-2800

Website

https://www.ussteel.com

United States Steel Corp operates primarily in the United States but also has a steelmaking capacity in Slovakia. The company's operating segments include North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment includes U. S. Steel's integrated steel plants and equity investees in North America involved in the production of slabs, strip mill plates, sheets, and tin mill products, as well as all iron ore and coke production facilities in the United States. It primarily serves North American customers in the service center, conversion, transportation, construction, container, and appliance, and electrical markets.