SSAAY (SSAB AB) ROCE % : 6.26% (As of Sep. 2024)

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What is SSAB AB 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. SSAB AB's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.26%.

SSAB AB ROCE % Historical Data

The historical data trend for SSAB AB'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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SSAB AB ROCE % Chart

SSAB AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.92

-0.43

23.86

-4.63

22.12

SSAB AB 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															21.06	17.44	15.36	14.36	6.26

SSAB AB ROCE % Calculation

SSAB AB'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 )
	=	1706.637	/	( ( (10571.497 - 2943.342)	+	(10513.083 - 2707.651) )	/ 2 )
	=	1706.637	/	( (7628.155	+	7805.432)	/ 2 )
	=	1706.637	/	7716.7935
	=	22.12 %

SSAB AB'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 )
	=	486.46	/	( ( (10242.777 - 2533.708)	+	(10242.252 - 2406.785) )	/ 2 )
	=	486.46	/	( ( 7709.069	+	7835.467 )	/ 2 )
	=	486.46	/	7772.268
	=	6.26 %

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

SSAB AB (OTCPK:SSAAY) 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.

SSAB AB ROCE % Related Terms

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SSAB AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » SSAB AB (OTCPK:SSAAY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SSABF:USA SSAAF:USA SSAB B:Sweden SSAB A:Sweden SSABBs:UK SSABAs:UK 0MHZ:UK 0KII:UK SSABBH:Finland SSABAH:Finland SKWC:Germany

Address

Klarabergsviadukten 70, D6, Box 70, Stockholm, SWE, SE-101 21

Website

https://www.ssab.com

SSAB AB is a Sweden-based company that operates through five divisions. SSAB special steels sell structural high-strength steel, wear-resistant steel, protection steel, and tool steel. SSAB Europe is a Nordic-based producer of the strip, plate, and tube products. SSAB Americas is a Northern American steel plate and coil maker. Tibnor, SSAB's subsidiary, is a Nordic distributor of steel and nonferrous metals. Ruukki Construction, another subsidiary of SSAB, is a Europe-based provider of energy-efficient building and construction solutions. Steel products represent the majority of the company's sales. SSAB predominantly serves customers from heavy transport, construction, automotive, construction machinery, energy, and other sectors. SSAB generates majority of its revenue from Europe.