NX (Quanex Building Products) ROCE % : 0.05% (As of Oct. 2024)

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What is Quanex Building Products 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. Quanex Building Products's annualized ROCE % for the quarter that ended in Oct. 2024 was 0.05%.

Quanex Building Products ROCE % Historical Data

The historical data trend for Quanex Building Products'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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Quanex Building Products ROCE % Chart

Quanex Building Products Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

ROCE %

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10.13

14.75

19.64

16.42

4.57

Quanex Building Products Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial															18.96	5.13	11.62	18.00	0.05

Quanex Building Products ROCE % Calculation

Quanex Building Products's annualized ROCE % for the fiscal year that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2024 )		(A: Oct. 2023 )		(A: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2024 )		(A: Oct. 2023 )		(A: Oct. 2024 )
	=	62.675	/	( ( (831.143 - 134.663)	+	(2319.788 - 272.867) )	/ 2 )
	=	62.675	/	( (696.48	+	2046.921)	/ 2 )
	=	62.675	/	1371.7005
	=	4.57 %

Quanex Building Products's ROCE % of for the quarter that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	0.636	/	( ( (872.45 - 127.869)	+	(2319.788 - 272.867) )	/ 2 )
	=	0.636	/	( ( 744.581	+	2046.921 )	/ 2 )
	=	0.636	/	1395.751
	=	0.05 %

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

Quanex Building Products (NYSE:NX) 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.

Quanex Building Products ROCE % Related Terms

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Quanex Building Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Quanex Building Products Corp (NYSE:NX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

945 Bunker Hill Road, Suite 900, Houston, TX, USA, 77024

Website

https://www.quanex.com

Quanex Building Products Corp is a manufacturer of components sold to original equipment manufacturers in the building products industry. It manufactures engineered products like window and door components that include flexible insulating glass spacers, extruded vinyl profiles, window and door screens, solar panel sealants and precision-formed metal and wood products among others. Its three operating segments are North American Fenestration being the key revenue driver, European Fenestration, and North American Cabinet Components. Geographically, it derives a majority of revenue from the United States.

Executives

George Laverne Wilson	officer: Chief Operating Officer	1800 WEST LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Paul Cornett	officer: SVP General Counsel, Secretary	1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Curtis M Stevens	director	LOUISIANA-PACIFIC CORPORATION, 414 UNION STREET, SUITE 1910, NASHVILLE TN 37219
Susan F Davis	director
William C Griffiths	director	C/O SPX CORPORATION, 13515 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Karen Ettredge	officer: VP, Controller	1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Bradley E. Hughes	director	2420 BRADWAY BOULEVARD, BLOOMFIELD VILLAGE MI 48301
Jason Lippert	director	C/O LIPPERT COMPONENTS INC, 2375 TAMIAMI TRAIL NORTH STE 11, NAPLES FL 34103
Kimberley Garcia	officer: VP, CHRO	1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Meredith W. Mendes	director	2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
Scott M. Zuehlke	officer: VP, IR & Treasurer	1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Joseph D Rupp	director	QUANEX BUILDING PRODUCTS CORPORATION, 1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Waltz William E Jr.	director	16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Mark A Livingston	officer: VP CAO Controller	2105 CITY WEST BLVD., SUITE 500, HOUSTON TX 77042
Kevin P Delaney	officer: SVP-Gen. Counsel & Secretary	1900 WEST LOOP SOUTH SUITE 1500, HOUSTON TX 77027