Radius Recycling (FRA:SS1A) ROCE % : -8.12% (As of Nov. 2024)

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What is Radius Recycling 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. Radius Recycling's annualized ROCE % for the quarter that ended in Nov. 2024 was -8.12%.

Radius Recycling ROCE % Historical Data

The historical data trend for Radius Recycling'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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Radius Recycling ROCE % Chart

Radius Recycling Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

ROCE %

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0.69

19.91

18.55

-0.64

-22.44

Radius Recycling Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial															-6.69	-7.64	-70.19	-2.81	-8.12

Radius Recycling ROCE % Calculation

Radius Recycling's annualized ROCE % for the fiscal year that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	-267.143	/	( ( (1573.525 - 297.044)	+	(1391.128 - 287.129) )	/ 2 )
	=	-267.143	/	( (1276.481	+	1103.999)	/ 2 )
	=	-267.143	/	1190.24
	=	-22.44 %

Radius Recycling's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	-91.472	/	( ( (1391.128 - 287.129)	+	(1423.168 - 274.738) )	/ 2 )
	=	-91.472	/	( ( 1103.999	+	1148.43 )	/ 2 )
	=	-91.472	/	1126.2145
	=	-8.12 %

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

Radius Recycling (FRA:SS1A) 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.

Radius Recycling ROCE % Related Terms

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Radius Recycling Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Radius Recycling Inc (FRA:SS1A) » Definitions » ROCE %

Comparable Companies

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RDUS:USA

Address

299 SW Clay Street, Suite 400, Portland, OR, USA, 97201

Website

https://www.radiusrecycling.com

Radius Recycling Inc is a North American Based company which is involved in recycling of ferrous and nonferrous metal, including end-of-life vehicles, and a manufacturer of finished steel products. As a vertically integrated organization, it offers products and services to meet world-wide demand through the network that includes fifty retail self-service auto parts stores, fifty four metals recycling facilities, and an electric arc furnace steel mill.

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