RHI Magnesita NV (WBO:RHIM) ROCE %

: 9.56% (As of Dec. 2023)

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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. RHI Magnesita NV's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.56%.

RHI Magnesita NV ROCE % Historical Data

The historical data trend for RHI Magnesita NV'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.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => 11.38 [4] => 4.04 [5] => 13.47 [6] => 11.77 [7] => 9.82 )

RHI Magnesita NV Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

11.38

4.04

13.47

11.77

9.82

RHI Magnesita NV Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %										15.32	11.99	11.18	9.24	9.56

RHI Magnesita NV ROCE % Calculation

RHI Magnesita NV'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 )
	=	329.8	/	( ( (4074.9 - 1113.9)	+	(4849.6 - 1095.1) )	/ 2 )
	=	329.8	/	( (2961	+	3754.5)	/ 2 )
	=	329.8	/	3357.75
	=	9.82 %

RHI Magnesita NV'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 )
	=	354	/	( ( (4813.5 - 1159.5)	+	(4849.6 - 1095.1) )	/ 2 )
	=	354	/	( ( 3654	+	3754.5 )	/ 2 )
	=	354	/	3704.25
	=	9.56 %

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

RHI Magnesita NV (WBO:RHIM) 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.

RHI Magnesita NV ROCE % Related Terms

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RHI Magnesita NV (WBO:RHIM) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

RHIMl:UK RHIM:UK RHF:Germany

Address

Kranichberggasse 6, Vienna, AUT, 1120

Website

https://www.rhimagnesita.com

RHI Magnesita NV operates in the refractory industry. The core activities of the group comprise the development and production as well as the sale, installation, and maintenance of refractory products and systems. It has two main operating segments, Steel and Industrial. The Steel segment specializes in supporting customers in the steel-producing and steel-processing industry. Its Industrial segment serves customers in the glass, cement/lime, nonferrous metals and environment, energy, chemicals Industries. The company generates maximum revenue from the Steel segment. Its geographical markets are Europe, North America, Asia Pacific, South America, and MEA-CIS.

RHI Magnesita NV (WBO:RHIM) Headlines

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