Ferrum (WAR:FER) ROCE % : 11.53% (As of Sep. 2024)

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What is Ferrum 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. Ferrum's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.53%.

Ferrum ROCE % Historical Data

The historical data trend for Ferrum'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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Ferrum ROCE % Chart

Ferrum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.17

1.56

7.48

16.88

10.39

Ferrum 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															20.54	-0.79	6.79	6.74	11.53

Ferrum ROCE % Calculation

Ferrum'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 )
	=	15.519	/	( ( (471.977 - 322.115)	+	(472.891 - 323.934) )	/ 2 )
	=	15.519	/	( (149.862	+	148.957)	/ 2 )
	=	15.519	/	149.4095
	=	10.39 %

Ferrum'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 )
	=	17.032	/	( ( (521.472 - 372.112)	+	(551.671 - 405.499) )	/ 2 )
	=	17.032	/	( ( 149.36	+	146.172 )	/ 2 )
	=	17.032	/	147.766
	=	11.53 %

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

Ferrum (WAR:FER) 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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Ferrum Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ferrum SA (WAR:FER) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ul. Porcelanowa 11, Katowice, POL, 40-246

Website

http://www.ferrum.com.pl

Ferrum SA is involved in manufacturing and selling pipes for transmission media in Poland. The company offers high-frequency welded-induction steel pipes; square, rectangular, and circular hollow sections; and helically and longitudinally submerged arc-welded steel pipes among other products.