Ternium Argentina (BUE:TXAR) ROCE % : 1.59% (As of Sep. 2024)

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What is Ternium Argentina 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. Ternium Argentina's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.59%.

Ternium Argentina ROCE % Historical Data

The historical data trend for Ternium Argentina'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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Ternium Argentina ROCE % Chart

Ternium Argentina Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.03

13.10

47.37

19.01

17.57

Ternium Argentina Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															19.08	28.45	16.29	-17.15	1.59

Ternium Argentina ROCE % Calculation

Ternium Argentina'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 )
	=	397753	/	( ( (931420 - 76185)	+	(4109642 - 438122) )	/ 2 )
	=	397753	/	( (855235	+	3671520)	/ 2 )
	=	397753	/	2263377.5
	=	17.57 %

Ternium Argentina's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	73528	/	( ( (5268398 - 795105)	+	(5594781 - 821932) )	/ 2 )
	=	73528	/	( ( 4473293	+	4772849 )	/ 2 )
	=	73528	/	4623071
	=	1.59 %

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

Ternium Argentina (BUE:TXAR) 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.

Ternium Argentina ROCE % Related Terms

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Ternium Argentina Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ternium Argentina SA (BUE:TXAR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida Leandro N. Alem 1067, Building AAF, Buenos Aires, ARG, C1001

Website

http://ar.ternium.com

Ternium Argentina SA manufactures and processes a broad range of steel products. Its products include hot and cold rolled, hot-dip galvanized & electro-galvanized and pre-painted steel sheets and tinplate. Geographically the group is based in Argentina.

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