Chicago Bridge & Iron Co NV (FRA:BDZ) ROCE % : 57.65% (As of Mar. 2018)

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What is Chicago Bridge & Iron Co NV 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. Chicago Bridge & Iron Co NV's annualized ROCE % for the quarter that ended in Mar. 2018 was 57.65%.

Chicago Bridge & Iron Co NV ROCE % Historical Data

The historical data trend for Chicago Bridge & Iron Co 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.

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Chicago Bridge & Iron Co NV ROCE % Chart

Chicago Bridge & Iron Co NV Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

ROCE %

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19.04

21.56

-11.53

11.72

-13.24

Chicago Bridge & Iron Co NV Quarterly Data
	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18
ROCE %	Get a 7-Day Free Trial															9.61	-69.02	3.00	48.81	57.65

Chicago Bridge & Iron Co NV ROCE % Calculation

Chicago Bridge & Iron Co NV's annualized ROCE % for the fiscal year that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	-246.924	/	( ( (7431.77 - 4300.364)	+	(5045.987 - 4446.316) )	/ 2 )
	=	-246.924	/	( (3131.406	+	599.671)	/ 2 )
	=	-246.924	/	1865.5385
	=	-13.24 %

Chicago Bridge & Iron Co NV's ROCE % of for the quarter that ended in Mar. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2018 )		(Q: Dec. 2017 )		(Q: Mar. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2018 )		(Q: Dec. 2017 )		(Q: Mar. 2018 )
	=	351.24	/	( ( (5045.987 - 4446.316)	+	(4882.685 - 4263.893) )	/ 2 )
	=	351.24	/	( ( 599.671	+	618.792 )	/ 2 )
	=	351.24	/	609.2315
	=	57.65 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2018) EBIT data.

Chicago Bridge & Iron Co NV (FRA:BDZ) 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.

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Chicago Bridge & Iron Co NV (FRA:BDZ) Business Description

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http://www.cbi.com

Founded in 1889, Chicago Bridge & Iron provides a wide range of services, including conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management, and environmental services, to customers in the global energy infrastructure market. It also provides diversified government services. It generated 2017 adjusted revenue and adjusted EBIT of $5.8 billion and a loss of $180 million, respectively. CB&I employs 34,000 at active projects in more than 70 countries.

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