Superior Industries International (STU:SPD) ROCE % : -0.11% (As of Mar. 2024)

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What is Superior Industries International 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. Superior Industries International's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.11%.

Superior Industries International ROCE % Historical Data

The historical data trend for Superior Industries International'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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Superior Industries International ROCE % Chart

Superior Industries International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.89

-17.41

6.48

11.79

-6.28

Superior Industries International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															6.67	9.31	-32.89	-9.63	-0.11

Superior Industries International ROCE % Calculation

Superior Industries International'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 )
	=	-50.121	/	( ( (1070.25 - 237.256)	+	(945.034 - 182.401) )	/ 2 )
	=	-50.121	/	( (832.994	+	762.633)	/ 2 )
	=	-50.121	/	797.8135
	=	-6.28 %

Superior Industries International's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.82	/	( ( (945.034 - 182.401)	+	(925.071 - 195.192) )	/ 2 )
	=	-0.82	/	( ( 762.633	+	729.879 )	/ 2 )
	=	-0.82	/	746.256
	=	-0.11 %

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

Superior Industries International (STU:SPD) 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.

Superior Industries International ROCE % Related Terms

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Superior Industries International (STU:SPD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Superior Industries International Inc (STU:SPD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SUP:USA

Address

26600 Telegraph Road, Suite 400, Southfield, MI, USA, 48033

Website

https://www.supind.com

Superior Industries International Inc is engaged in the design and manufacture of aluminum wheels for sale to OEMs in North America and Europe and to the aftermarket in Europe. The company's OEM aluminum wheels are primarily sold for factory installation on vehicle models manufactured by BMW (including Mini), Daimler (Mercedes-Benz, AMG, Smart), Ford, GM, Honda, Jaguar-Land Rover, Lucid Motors, Mazda, Nissan, PSA, Renault, Stellantis, Subaru, Suzuki, Toyota, VW Group (Volkswagen, Audi, SEAT, Skoda, Porsche, Bentley) and Volvo. It sells aluminum wheels to the European aftermarket under the brands' ATS, RIAL, ALUTEC and ANZIO.

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