Tubacex (FRA:TCX) ROCE % : 6.72% (As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is Tubacex 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. Tubacex's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.72%.

Tubacex ROCE % Historical Data

The historical data trend for Tubacex'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.

* Premium members only.

Tubacex ROCE % Chart

Tubacex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

4.82

-2.31

-4.62

8.95

16.27

Tubacex 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															12.30	24.85	13.96	26.99	6.72

Tubacex ROCE % Calculation

Tubacex'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 )
	=	82.743	/	( ( (1159.779 - 643.028)	+	(1211.456 - 711.366) )	/ 2 )
	=	82.743	/	( (516.751	+	500.09)	/ 2 )
	=	82.743	/	508.4205
	=	16.27 %

Tubacex'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 )
	=	33.2	/	( ( (1211.456 - 711.366)	+	(1202.9 - 715.2) )	/ 2 )
	=	33.2	/	( ( 500.09	+	487.7 )	/ 2 )
	=	33.2	/	493.895
	=	6.72 %

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

Tubacex (FRA:TCX) 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.

Tubacex ROCE % Related Terms

Thank you for viewing the detailed overview of Tubacex's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Tubacex (FRA:TCX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tubacex SA (FRA:TCX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TUB:Mexico TUBe:UK TUB:Spain TCX:Germany

Address

Tres Cruces 8, PO Box 2201400, Llodio, ESP, 01400

Website

http://www.tubacex.com

Tubacex SA together with its subsidiaries, manufactures and markets stainless steel and high-nickel alloy tubes and pipes. The company's product portfolio includes hollow bars, steel and fittings products. It primarily serves oil and gas, petrochemical, chemical and power generation industries. It also devotes part of its production to the mechanical industry, aerospace, food, water desalination, electronics, capital goods and new technologies among other industries. Group has its industrial facilities in the Spain, Austria, the United States, Italy, India, and Thailand. Most of the revenue is generated through the sale of goods and rest from the rendering of services.