Basf SE (MIL:1BAS) ROCE % : 5.16% (As of Sep. 2024)

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What is Basf SE 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. Basf SE's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.16%.

Basf SE ROCE % Historical Data

The historical data trend for Basf SE'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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Basf SE ROCE % Chart

Basf SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.21

-1.32

12.25

2.91

3.81

Basf SE 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															1.24	-6.28	12.59	3.99	5.16

Basf SE ROCE % Calculation

Basf SE'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 )
	=	2391	/	( ( (84472 - 20440)	+	(77395 - 15871) )	/ 2 )
	=	2391	/	( (64032	+	61524)	/ 2 )
	=	2391	/	62778
	=	3.81 %

Basf SE'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 )
	=	3224	/	( ( (82447 - 19917)	+	(79359 - 16988) )	/ 2 )
	=	3224	/	( ( 62530	+	62371 )	/ 2 )
	=	3224	/	62450.5
	=	5.16 %

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

Basf SE (MIL:1BAS) 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.

Basf SE ROCE % Related Terms

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Basf SE Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Basf SE (MIL:1BAS) » Definitions » ROCE %

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BFFAF:USA BASFY:USA BAS N:Mexico BASF:Hungary BASd:UK 0BFA:UK BAS:Germany BASA:Germany BAS:Germany BAS:Germany BASA:Germany BAS:Germany BAS:Bulgaria BAS:Austria

Address

Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, DEU, 67056

Website

https://www.basf.com

Founded in 1865 and based in Germany, BASF is the world's largest chemical company, with products spanning the full chemical spectrum of commodity to specialty. In addition, the company is a strong player in agricultural crop protection chemicals and emissions control catalysts for cars and trucks. Given its sheer size, BASF has a top-three market position in approximately 70% of its businesses. The company is undergoing a transformation where it will divest the surface technologies and agricultural solutions businesses over the next several years. These two segments combine to generate nearly 40% of total revenue.

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