General Steel Holdings (General Steel Holdings) ROCE % : -12.18% (As of Jun. 2019)

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What is General Steel Holdings 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. General Steel Holdings's annualized ROCE % for the quarter that ended in Jun. 2019 was -12.18%.

General Steel Holdings ROCE % Historical Data

The historical data trend for General Steel Holdings'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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General Steel Holdings ROCE % Chart

General Steel Holdings Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

ROCE %

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-3.48

-7.97

18.69

-19.56

General Steel Holdings Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
ROCE %	Get a 7-Day Free Trial															-1.39	-1.47	-177.77	-14.42	-12.18

General Steel Holdings ROCE % Calculation

General Steel Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	-1.202	/	( ( (14.717 - 10.575)	+	(17.878 - 9.731) )	/ 2 )
	=	-1.202	/	( (4.142	+	8.147)	/ 2 )
	=	-1.202	/	6.1445
	=	-19.56 %

General Steel Holdings's ROCE % of for the quarter that ended in Jun. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2019 )		(Q: Mar. 2019 )		(Q: Jun. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2019 )		(Q: Mar. 2019 )		(Q: Jun. 2019 )
	=	-0.696	/	( ( (17.759 - 10.32)	+	(14.126 - 10.136) )	/ 2 )
	=	-0.696	/	( ( 7.439	+	3.99 )	/ 2 )
	=	-0.696	/	5.7145
	=	-12.18 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2019) EBIT data.

General Steel Holdings (OTCPK:GSIH) 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.

General Steel Holdings ROCE % Related Terms

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General Steel Holdings (General Steel Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » General Steel Holdings Inc (OTCPK:GSIH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Phoenix Place, Shuguangxili, Suite 106, Tower H,, Chaoyang District, Beijing, CHN, 100028

Website

http://www.gshi-steel.com

General Steel Holdings Inc is a manufacturer of steel products. The company through its subsidiary is operating steel companies serving various industries in the People's Republic of China. Its product includes steel rebar, hot-rolled carbon and silicon sheets and spiral-weld pipes.

Executives

Wenbing Wang

director

21ST FLOOR, BUILDING B, JIA MING CENTER, NO. 27 DONG SAN HUAN NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100020