ArcelorMittal Kryviy Rih PJSC (UKEX:KSTL) ROCE % : 2.97% (As of Dec. 2020)

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What is ArcelorMittal Kryviy Rih PJSC 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. ArcelorMittal Kryviy Rih PJSC's annualized ROCE % for the quarter that ended in Dec. 2020 was 2.97%.

ArcelorMittal Kryviy Rih PJSC ROCE % Historical Data

The historical data trend for ArcelorMittal Kryviy Rih PJSC'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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ArcelorMittal Kryviy Rih PJSC ROCE % Chart

ArcelorMittal Kryviy Rih PJSC Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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5.84

9.69

15.38

-2.83

2.97

ArcelorMittal Kryviy Rih PJSC Semi-Annual Data
	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20
ROCE %	Get a 7-Day Free Trial					5.84	9.69	15.38	-2.83	2.97

ArcelorMittal Kryviy Rih PJSC ROCE % Calculation

ArcelorMittal Kryviy Rih PJSC's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	2095.819	/	( ( (97436.408 - 26639.923)	+	(88251.664 - 17731.005) )	/ 2 )
	=	2095.819	/	( (70796.485	+	70520.659)	/ 2 )
	=	2095.819	/	70658.572
	=	2.97 %

ArcelorMittal Kryviy Rih PJSC's ROCE % of for the quarter that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2020 )		(Q: Dec. 2019 )		(Q: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2020 )		(Q: Dec. 2019 )		(Q: Dec. 2020 )
	=	2095.819	/	( ( (97436.408 - 26639.923)	+	(88251.664 - 17731.005) )	/ 2 )
	=	2095.819	/	( ( 70796.485	+	70520.659 )	/ 2 )
	=	2095.819	/	70658.572
	=	2.97 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2020) EBIT data.

ArcelorMittal Kryviy Rih PJSC (UKEX:KSTL) 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.

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ArcelorMittal Kryviy Rih PJSC (UKEX:KSTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ArcelorMittal Kryviy Rih PJSC (UKEX:KSTL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Street Ordzhonikidze, 1, Krivoy Rog, Dnipropetrovsk, UKR, 50095

Website

http://www.arcelormittal.com.ua

ArcelorMittal Kryviy Rih PJSC is engaged in two business segments: mining and steel. The mining segment includes divisions of the Company engaged in the extraction and processing of iron ore raw materials, namely: mine management of underground ore mining and mining and processing complex. The steel segment includes the Company's divisions related to the production of steel products, namely coke and steel production. The main products of the steel are steel billets, fittings, wire rod, and others.

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