Elementis (STU:E3E) ROCE % : -1.70% (As of Jun. 2024)

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What is Elementis 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. Elementis's annualized ROCE % for the quarter that ended in Jun. 2024 was -1.70%.

Elementis ROCE % Historical Data

The historical data trend for Elementis'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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Elementis ROCE % Chart

Elementis Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.15

-2.36

1.20

-2.26

4.29

Elementis Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															4.43	-9.06	6.28	2.41	-1.70

Elementis ROCE % Calculation

Elementis'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 )
	=	54.928	/	( ( (1535.888 - 218.347)	+	(1385.954 - 145.711) )	/ 2 )
	=	54.928	/	( (1317.541	+	1240.243)	/ 2 )
	=	54.928	/	1278.892
	=	4.29 %

Elementis's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-20.438	/	( ( (1385.954 - 145.711)	+	(1323.361 - 164.061) )	/ 2 )
	=	-20.438	/	( ( 1240.243	+	1159.3 )	/ 2 )
	=	-20.438	/	1199.7715
	=	-1.70 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Elementis (STU:E3E) 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.

Elementis ROCE % Related Terms

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Elementis Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Elementis PLC (STU:E3E) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EMNSF:USA ELMTY:USA ELMl:UK ELM:UK E3E:Germany

Address

51-53 Hatton Garden, The Bindery, 5th Floor, London, GBR, EC1N 8HN

Website

https://www.elementis.com

Elementis PLC manufactures and sells a variety of chemicals and coatings. The company has two operating segments Performance specialities and Personal Care. Performance Specialties segment consists of Coatings and Talc. The Personal Care segment is engaged in the production of rheological modifiers and compounded products, including active ingredients for AP deodorants, for supply to personal care manufacturers. The company generates the majority of its revenue from the Personal Care segment, which generates major revenue from the production of rheological modifiers and additives for decorative and industrial coatings. Geographically the company generates revenue from North America, United Kingdom, Rest of the Europe, and Rest of the world.

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