Chart Industries (Chart Industries) ROCE % : 6.01% (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Chart Industries 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. Chart Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.01%.

Chart Industries ROCE % Historical Data

The historical data trend for Chart Industries'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.

* Premium members only.

Chart Industries ROCE % Chart

Chart Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

2.71

5.10

3.96

3.56

5.47

Chart Industries 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															0.44	4.78	5.21	7.73	6.01

Chart Industries ROCE % Calculation

Chart Industries'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 )
	=	329.9	/	( ( (5901.9 - 1081.6)	+	(9102.4 - 1866.2) )	/ 2 )
	=	329.9	/	( (4820.3	+	7236.2)	/ 2 )
	=	329.9	/	6028.25
	=	5.47 %

Chart Industries'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 )
	=	438.8	/	( ( (9102.4 - 1866.2)	+	(9247.9 - 1893.7) )	/ 2 )
	=	438.8	/	( ( 7236.2	+	7354.2 )	/ 2 )
	=	438.8	/	7295.2
	=	6.01 %

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

Chart Industries (NYSE:GTLSpB.PFD) 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.

Chart Industries ROCE % Related Terms

Thank you for viewing the detailed overview of Chart Industries's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Chart Industries (Chart Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chart Industries Inc (NYSE:GTLSpB.PFD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GTLS:USA I3N:Germany

Address

2200 Airport Industrial Drive, Suite 100, Ball Ground, GA, USA, 30107

Website

https://www.chartindustries.com

Chart Industries provides a variety of cryogenic equipment for storage, distribution, and other processes within the industrial gas and liquefied natural gas (LNG) industries. It also provides natural gas processing solutions for the natural gas industry and specialty products that serve a variety of spaces, including hydrogen, biofuels, cannabis, and water treatment. The firm acquired Howden in a significant deal in early 2023, roughly doubling the size of the company.