EZZ Steel CoE (LSE:AEZD) ROCE % : 40.46% (As of Dec. 2023)

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What is EZZ Steel CoE 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. EZZ Steel CoE's annualized ROCE % for the quarter that ended in Dec. 2023 was 40.46%.

EZZ Steel CoE ROCE % Historical Data

The historical data trend for EZZ Steel CoE'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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EZZ Steel CoE ROCE % Chart

EZZ Steel CoE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-18.76

-9.40

79.29

48.68

16.01

EZZ Steel CoE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															28.74	-21.28	59.14	-2.01	40.46

EZZ Steel CoE ROCE % Calculation

EZZ Steel CoE'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 )
	=	168.686	/	( ( (2687.698 - 1670.741)	+	(3667.631 - 2576.96) )	/ 2 )
	=	168.686	/	( (1016.957	+	1090.671)	/ 2 )
	=	168.686	/	1053.814
	=	16.01 %

EZZ Steel CoE's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	416.348	/	( ( (3335.654 - 2368.015)	+	(3667.631 - 2576.96) )	/ 2 )
	=	416.348	/	( ( 967.639	+	1090.671 )	/ 2 )
	=	416.348	/	1029.155
	=	40.46 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

EZZ Steel CoE (LSE:AEZD) 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.

EZZ Steel CoE ROCE % Related Terms

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EZZ Steel CoE (LSE:AEZD) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » EZZ Steel Co SAE (LSE:AEZD) » Definitions » ROCE %

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ESRS:Egypt

Address

1089 Cornich El-Nil, Four Seasons Nile Plaza, The Corporate Building, Garden City, Cairo, EGY, 1089

Website

https://www.ezzsteel.com

EZZ Steel Co SAE is an Egypt-based company that manufactures and distributes long and flat steel products. The company's long products, including rebar and wire rod, are employed in applications including concrete reinforcement bars, nails, bolts, tacks, welding tools, electrical components, wire mesh, and others. The company's flat products are applied in automotive components, suspension parts, wheels, containers, gas cylinders, and others.

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