Arconic (Arconic) ROCE % : 9.82% (As of Jun. 2023)

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What is Arconic 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. Arconic's annualized ROCE % for the quarter that ended in Jun. 2023 was 9.82%.

Arconic ROCE % Historical Data

The historical data trend for Arconic'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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Arconic ROCE % Chart

Arconic Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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11.02

6.46

0.23

-7.67

-2.06

Arconic Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															15.73	-5.55	-26.74	5.91	9.82

Arconic ROCE % Calculation

Arconic's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-88	/	( ( (6580 - 2063)	+	(6015 - 1971) )	/ 2 )
	=	-88	/	( (4517	+	4044)	/ 2 )
	=	-88	/	4280.5
	=	-2.06 %

Arconic'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 )
	=	404	/	( ( (6103 - 2025)	+	(6046 - 1899) )	/ 2 )
	=	404	/	( ( 4078	+	4147 )	/ 2 )
	=	404	/	4112.5
	=	9.82 %

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

Arconic (NYSE:ARNC) 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.

Arconic ROCE % Related Terms

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Arconic (Arconic) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Arconic Corp (NYSE:ARNC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

201 Isabella Street, Pittsburgh, PA, USA, 15212-5872

Website

https://www.arconic.com

Arconic Corp is engaged in the manufacturing of aluminum sheets, plates, extrusions, and architectural products, serving the ground transportation, aerospace, building and construction, industrial, and packaging end-markets. The firm's operating segments include Rolled Products, Extrusions, and Building and Construction Systems (BCS). It generates a majority of its revenue from the Rolled Products segment which is used in the production of finished goods ranging from automotive body panels and airframes to industrial plate and brazing sheets. It sells the products globally and derives key revenue from the U.S.

Executives

William F. Austen	director	222 SOUTH 9TH STREET, SUITE 2300, MINNEAPOLIS MN 55402-4099
Ellis Allen Jones	director	1835 DUEBER AVE. SW, CANTON OH 44706
Diana B. Perreiah	officer: Executive Vice President	201 ISABELLA STREET, PITTSBURGH PA 15212
Melissa M Miller	officer: Executive Vice President	201 ISABELLA STREET, PITTSBURGH PA 15212
Robert L. Woodall	officer: Executive Vice President	201 ISABELLA STREET, PITTSBURGH PA 15212
Carol S Eicher	director	ROHM AND HAAS COMPANY, 100 INDEPENDENCE MALL WEST, PHILADELPHIA PA 19106
Jacques M Croisetiere	director	C/O MORTON INTERNATIONAL INC, 100 N RIVERSIDE PLZ, CHICAGO IL 60606
Jeffrey Stafeil	director	1707 PADDINGTON CIRCLE, KESWICK VA 22947
Margaret S Billson	director	2503 CLARK CARR LOOP SE, ALBUQUERQUE NM 87106
Christopher L Ayers	director	5626 MISSION DRIVE, MISSION HILL KS 66208
Elmer L Doty	director
Daniel G Fayock	officer: EVP & Chief Legal Officer	201 ISABELLA STREET, PITTSBURGH PA 15212
E Stanley Oneal	director	MERRILL LYNCH CORPORATE SECRETARY, 222 BROADWAY, 17TH FLOOR, NEW YORK NY 10038
Mark J Vrablec	officer: EVP	201 ISABELLA STREET, PITTSBURGH PA 15212
Mary Zik	officer: Vice President and Controller	201 ISABELLA STREET, SUITE 200, PITTSBURGH PA 15212-5872