Usinas Siderurgicas de Minas Gerais (XMAD:XUSIO) ROCE % : 0.79% (As of Sep. 2024)

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What is Usinas Siderurgicas de Minas Gerais 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. Usinas Siderurgicas de Minas Gerais's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.79%.

Usinas Siderurgicas de Minas Gerais ROCE % Historical Data

The historical data trend for Usinas Siderurgicas de Minas Gerais'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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Usinas Siderurgicas de Minas Gerais ROCE % Chart

Usinas Siderurgicas de Minas Gerais Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.80

7.57

42.54

12.19

5.47

Usinas Siderurgicas de Minas Gerais 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															-3.75	8.56	1.88	-1.16	0.79

Usinas Siderurgicas de Minas Gerais ROCE % Calculation

Usinas Siderurgicas de Minas Gerais'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 )
	=	347.515	/	( ( (7198.77 - 970.496)	+	(7516.292 - 1032.021) )	/ 2 )
	=	347.515	/	( (6228.274	+	6484.271)	/ 2 )
	=	347.515	/	6356.2725
	=	5.47 %

Usinas Siderurgicas de Minas Gerais'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 )
	=	45.824	/	( ( (6819.849 - 821.478)	+	(6415.606 - 744.138) )	/ 2 )
	=	45.824	/	( ( 5998.371	+	5671.468 )	/ 2 )
	=	45.824	/	5834.9195
	=	0.79 %

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

Usinas Siderurgicas de Minas Gerais (XMAD:XUSIO) 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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Usinas Siderurgicas de Minas Gerais Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Usinas Siderurgicas de Minas Gerais SA (XMAD:XUSIO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

USNZY:USA XUSI:Spain U1S1:Germany USIM5:Brazil USIM3:Brazil

Address

Av. do Contorno, 6594, 11th Floor Funcionarios, Belo Horizonte, MG, BRA, 30110-044

Website

https://www.usiminas.com

Usinas Siderurgicas de Minas Gerais SA is a Brazil-based company engaged in producing and distributing flat steel products. The company's product portfolio comprises ordinary heavy plates, Sincron series premium heavy plates, hot strips, cold-rolled, and galvanized products. These products are used in automotive, civil construction, railway, electric, white goods, offshore platforms, and agricultural and construction machinery. The Brazilian domestic market represents the majority of the company's sales, while the United States, Argentina, and Turkey are the export destination markets for the company.

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