Jordan Steel (AMM:JOST) ROCE % : 0.92% (As of Mar. 2024)

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What is Jordan 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. Jordan Steel's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.92%.

Jordan Steel ROCE % Historical Data

The historical data trend for Jordan 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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Jordan Steel ROCE % Chart

Jordan Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-14.37

-6.66

-1.13

-4.68

-5.41

Jordan Steel Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-1.53	-3.24	-4.88	-17.37	0.92

Jordan Steel ROCE % Calculation

Jordan 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 )
	=	-2.478	/	( ( (56.32 - 11.37)	+	(58.352 - 11.709) )	/ 2 )
	=	-2.478	/	( (44.95	+	46.643)	/ 2 )
	=	-2.478	/	45.7965
	=	-5.41 %

Jordan Steel's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	0.352	/	( ( (58.352 - 11.709)	+	(59.532 - 29.603) )	/ 2 )
	=	0.352	/	( ( 46.643	+	29.929 )	/ 2 )
	=	0.352	/	38.286
	=	0.92 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Jordan Steel (AMM:JOST) 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.

Jordan Steel ROCE % Related Terms

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Jordan Steel (AMM:JOST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jordan Steel (AMM:JOST) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Scientific Islamic College Street, P.O Box 35165, Building Number 3, Al Mamar Al Thani, Amman, JOR, 11180

Website

http://www.jordansteelplc.com

Jordan Steel is a steel firm that specializes in the manufacturing of steel and iron products for the construction industry. The main activity of the company is to produce reinforcing steel and pull-through steel without heating to produce steel bars and for the production of iron skewers contributing to other companies, importing, exporting, marketing, concluding contracts and trade agreements, and borrowing the necessary funds from banks. The company's products include Concrete Reinforcement Steel Bars (Rebars), Flat and Square Bars, Standard Square Bars, and Plane Round Bars. It also manufactures steel billets and wire mesh products in different sizes.

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