Metallus (FRA:ZS2) ROCE % : 13.23% (As of Mar. 2024)

View and export this data going back to 2014. Start your Free Trial

What is Metallus 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. Metallus's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.23%.

Metallus ROCE % Historical Data

The historical data trend for Metallus'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.

Metallus ROCE % Chart

Metallus Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-11.02

-5.12

21.99

11.57

10.72

Metallus 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															8.36	17.57	15.13	1.90	13.23

Metallus ROCE % Calculation

Metallus'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 )
	=	90.875	/	( ( (1021.408 - 176.245)	+	(1077.75 - 227.783) )	/ 2 )
	=	90.875	/	( (845.163	+	849.967)	/ 2 )
	=	90.875	/	847.565
	=	10.72 %

Metallus'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 )
	=	112.608	/	( ( (1077.75 - 227.783)	+	(1072.536 - 219.972) )	/ 2 )
	=	112.608	/	( ( 849.967	+	852.564 )	/ 2 )
	=	112.608	/	851.2655
	=	13.23 %

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

Metallus (FRA:ZS2) 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.

Metallus ROCE % Related Terms

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

Metallus (FRA:ZS2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Metallus Inc (FRA:ZS2) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TMST:USA

Address

1835 Dueber Avenue South West, Canton, OH, USA, 44706

Website

https://www.timkensteel.com

TimkenSteel Corp is an America-based manufacturer of alloy steel, as well as carbon and micro-alloy steel. TimkenSteel's portfolio includes special bar quality steel, seamless mechanical tubes, and value-add solutions, such as precision steel components. The company also supplies machining and thermal treatment services and manages raw material recycling programs that work as a feeder system for its melt operations. The company's products and services are used in the following sectors: oil and gas; automotive; industrial equipment; mining; construction; rail; aerospace and defense; heavy truck; agriculture; and power generation. Geographically, the company mainly serves customers in the United States.

Metallus (FRA:ZS2) Headlines

No Headlines