Venator Materials (FRA:1EC) ROCE % : -120.83% (As of Mar. 2023)

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What is Venator Materials 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. Venator Materials's annualized ROCE % for the quarter that ended in Mar. 2023 was -120.83%.

Venator Materials ROCE % Historical Data

The historical data trend for Venator Materials'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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Venator Materials ROCE % Chart

Venator Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-5.54

1.80

-1.48

-1.85

-3.69

Venator Materials Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial															3.53	28.14	-5.69	-55.39	-120.83

Venator Materials ROCE % Calculation

Venator Materials'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 )
	=	-39.648	/	( ( (2092.14 - 454.005)	+	(1953.136 - 1443.376) )	/ 2 )
	=	-39.648	/	( (1638.135	+	509.76)	/ 2 )
	=	-39.648	/	1073.9475
	=	-3.69 %

Venator Materials's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	-534.248	/	( ( (1953.136 - 1443.376)	+	(1741.91 - 1367.376) )	/ 2 )
	=	-534.248	/	( ( 509.76	+	374.534 )	/ 2 )
	=	-534.248	/	442.147
	=	-120.83 %

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

Venator Materials (FRA:1EC) 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.

Venator Materials ROCE % Related Terms

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Venator Materials (FRA:1EC) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Venator Materials PLC (FRA:1EC) » Definitions » ROCE %

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VNTRD:USA

Address

Titanium House, Hanzard Drive, Wynyard Park, Stockton-On-Tees, Durham, GBR, TS22 5FD

Website

https://www.venatorcorp.com

Venator Materials PLC is a manufacturer and marketer of chemical products. Its products comprise a broad range of pigments and additives that bring color and vibrancy to buildings, protect and extend product life, and reduce energy consumption. The company market its products globally to a diversified group of industrial customers through two segments, Titanium Dioxide, which consists of its TiO2 business, and Performance Additives, which consist of functional additives, color pigments, timber treatment, and water treatment businesses. It derives a majority of its revenue from the Titanium Dioxide segment. The company's key product lines include TiO2, color pigments, functional additives, timber treatment, and water treatment products.

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