BlueScope Steel (BlueScope Steel) ROCE % : 11.22% (As of Dec. 2023)

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What is BlueScope 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. BlueScope Steel's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.22%.

BlueScope Steel ROCE % Historical Data

The historical data trend for BlueScope 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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BlueScope Steel ROCE % Chart

BlueScope Steel Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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15.35

3.73

19.21

33.90

12.19

BlueScope Steel Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															41.23	27.13	13.50	10.91	11.22

BlueScope Steel ROCE % Calculation

BlueScope Steel's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	1017.987	/	( ( (11672.874 - 3333.169)	+	(10694.698 - 2331.812) )	/ 2 )
	=	1017.987	/	( (8339.705	+	8362.886)	/ 2 )
	=	1017.987	/	8351.2955
	=	12.19 %

BlueScope 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	934.27	/	( ( (10694.698 - 2331.812)	+	(10221.419 - 1934.873) )	/ 2 )
	=	934.27	/	( ( 8362.886	+	8286.546 )	/ 2 )
	=	934.27	/	8324.716
	=	11.22 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

BlueScope Steel (OTCPK:BLSFF) 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.

BlueScope Steel ROCE % Related Terms

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BlueScope Steel (BlueScope Steel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » BlueScope Steel Ltd (OTCPK:BLSFF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BLSFY:USA BH5:Germany BSL:Australia

Address

181 William Street, Level 24, Melbourne, VIC, AUS, 3000

Website

https://www.bluescope.com

BlueScope is an Australian-based steelmaking firm with five business units. The Australian Steel Products segment mainly specializes in branded coated and painted flat steel products, sold domestically. North Star is the group's U.S. mini-mill specializing in the production of hot rolled coil for U.S. construction and automotive sectors. Building Products Asia and North America operate across Southeast Asia, China, India, and the U.S. West Coast involved in metal-coating, painting, and roll-forming. New Zealand Steel and the Pacific Islands business produces flat and long steel products for New Zealand and building components for the Pacific Islands. The Buildings North America segment specializes in non-residential buildings, including materials manufacturing and support services.

BlueScope Steel (BlueScope Steel) Headlines

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