Vulcan Materials Co (LTS:0LRK) ROCE % : 9.88% (As of Sep. 2024)

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What is Vulcan Materials Co 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. Vulcan Materials Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.88%.

Vulcan Materials Co ROCE % Historical Data

The historical data trend for Vulcan Materials Co'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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Vulcan Materials Co ROCE % Chart

Vulcan Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.18

8.48

8.69

7.31

10.67

Vulcan Materials Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															12.09	11.32	5.12	13.36	9.88

Vulcan Materials Co ROCE % Calculation

Vulcan Materials Co'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 )
	=	1441.2	/	( ( (14234.6 - 956.6)	+	(14545.7 - 797.6) )	/ 2 )
	=	1441.2	/	( (13278	+	13748.1)	/ 2 )
	=	1441.2	/	13513.05
	=	10.67 %

Vulcan Materials Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	1333.2	/	( ( (14216.4 - 796.8)	+	(14351.9 - 774.1) )	/ 2 )
	=	1333.2	/	( ( 13419.6	+	13577.8 )	/ 2 )
	=	1333.2	/	13498.7
	=	9.88 %

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

Vulcan Materials Co (LTS:0LRK) 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.

Vulcan Materials Co ROCE % Related Terms

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Vulcan Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Vulcan Materials Co (LTS:0LRK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

VMC:USA VMC:Mexico VMC:Germany VMC:Germany V1MC34:Brazil

Address

1200 Urban Center Drive, Birmingham, AL, USA, 35242

Website

https://www.vulcanmaterials.com

Vulcan Materials is the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). Its largest markets include Texas, California, Virginia, Tennessee, Georgia, Florida, North Carolina, and Alabama. In 2023, Vulcan sold 234.3 million tons of aggregates, 13.4 million tons of asphalt mix, and 7.5 million cubic yards of ready-mix. As of Dec. 31, 2022, the company had nearly 16 billion tons of aggregates reserves.

Vulcan Materials Co Headlines

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