Outokumpu Oyj (OHEL:OUT1V) ROCE % : 3.46% (As of Sep. 2024)

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What is Outokumpu Oyj 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. Outokumpu Oyj's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.46%.

Outokumpu Oyj ROCE % Historical Data

The historical data trend for Outokumpu Oyj'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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Outokumpu Oyj ROCE % Chart

Outokumpu Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.77

-1.89

16.59

21.61

-1.60

Outokumpu Oyj 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															-3.73	-26.39	-1.17	0.82	3.46

Outokumpu Oyj ROCE % Calculation

Outokumpu Oyj'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 )
	=	-75	/	( ( (6983 - 2081)	+	(5927 - 1467) )	/ 2 )
	=	-75	/	( (4902	+	4460)	/ 2 )
	=	-75	/	4681
	=	-1.60 %

Outokumpu Oyj'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 )
	=	148	/	( ( (6124 - 1743)	+	(5983 - 1812) )	/ 2 )
	=	148	/	( ( 4381	+	4171 )	/ 2 )
	=	148	/	4276
	=	3.46 %

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

Outokumpu Oyj (OHEL:OUT1V) 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.

Outokumpu Oyj ROCE % Related Terms

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Outokumpu Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Outokumpu Oyj (OHEL:OUT1V) » Definitions » ROCE %

Traded in Other Exchanges

OUTKY:USA OUT1Vh:UK 0FJ8:UK OUTA:Germany

Address

Salmisaarenranta 11, Helsinki, FIN, FI-00180

Website

https://www.outokumpu.com

Outokumpu Oyj is a steel and alloys maker. Its business is divided into four business areas which are Europe, Americas and Ferrochrome and Other operations. Europe derives the key revenue, consists of both coil and plate operations in Europe. The high-volume and tailored standard stainless-steel grades are used for example in architecture, building and construction, transportation, catering and appliances, chemical, petrochemical and energy sectors, as well as other process industries. Americas produces standard austenitic and ferritic grades as well as tailored products. Other operations consist of activities outside the three operating segments, as well as industrial holdings, non-core businesses and strategic group level investments and Ferrochrome produces charge grade of ferrochrome.

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