Scope Metals Group (XTAE:SCOP) ROCE % : 15.31% (As of Sep. 2024)

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What is Scope Metals Group 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. Scope Metals Group's annualized ROCE % for the quarter that ended in Sep. 2024 was 15.31%.

Scope Metals Group ROCE % Historical Data

The historical data trend for Scope Metals Group'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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Scope Metals Group ROCE % Chart

Scope Metals Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.05

10.03

22.61

22.55

14.82

Scope Metals Group 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															12.96	14.43	15.28	14.00	15.31

Scope Metals Group ROCE % Calculation

Scope Metals Group'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 )
	=	236.521	/	( ( (2115.947 - 519.301)	+	(2120.979 - 524.883) )	/ 2 )
	=	236.521	/	( (1596.646	+	1596.096)	/ 2 )
	=	236.521	/	1596.371
	=	14.82 %

Scope Metals Group'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 )
	=	247.836	/	( ( (2179.514 - 563.005)	+	(2238.86 - 618.603) )	/ 2 )
	=	247.836	/	( ( 1616.509	+	1620.257 )	/ 2 )
	=	247.836	/	1618.383
	=	15.31 %

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

Scope Metals Group (XTAE:SCOP) 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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Scope Metals Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Scope Metals Group Ltd (XTAE:SCOP) » Definitions » ROCE %

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Address

3 Hamerkava Street, Re'em Industrial Park, Bne Ayish, ISR, 60860

Website

http://www.scope-metal.com

Scope Metals Group Ltd operates as a one-stop shop on a Just-In-Time delivery basis. The company supplies stainless steel, aluminum, magnesium, steel and steel alloys, plastics, nickel alloys, brass, bronze, copper, lead and titanium. It offers its products to different industries from food processing and pharmaceuticals, energy, water, chemicals and petrochemicals, fertilizers, aerospace and aviation, machining, military, elevators and construction, solar energy, infrastructure to microelectronics, high tech and more.

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