Resonac Holdings (Resonac Holdings) ROCE % : -7.60% (As of Dec. 2023)

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What is Resonac Holdings 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. Resonac Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.60%.

Resonac Holdings ROCE % Historical Data

The historical data trend for Resonac Holdings'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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Resonac Holdings ROCE % Chart

Resonac Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.29

-4.78

1.82

3.71

-0.77

Resonac Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															2.04	-2.84	0.74	6.11	-7.60

Resonac Holdings ROCE % Calculation

Resonac Holdings'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 )
	=	-88.998	/	( ( (15519.009 - 3401.235)	+	(14112.598 - 3207.919) )	/ 2 )
	=	-88.998	/	( (12117.774	+	10904.679)	/ 2 )
	=	-88.998	/	11511.2265
	=	-0.77 %

Resonac Holdings's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-845.636	/	( ( (14196.598 - 2852.312)	+	(14112.598 - 3207.919) )	/ 2 )
	=	-845.636	/	( ( 11344.286	+	10904.679 )	/ 2 )
	=	-845.636	/	11124.4825
	=	-7.60 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Resonac Holdings (OTCPK:SHWDY) 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.

Resonac Holdings ROCE % Related Terms

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Resonac Holdings (Resonac Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Resonac Holdings Corp (OTCPK:SHWDY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SHWDF:USA 4004:Japan SWD:Germany

Address

1-13-9 Shibadaimon, Minato-ku, Tokyo, JPN, 105-8518

Website

https://www.resonac.com

Resonac Holdings Corp manufactures and sells chemicals, aluminum, and electronics. The firm organizes itself into four segments, which are the Semiconductor and Electronic materials segment, the Mobility segment, the Chemicals segment, and the Innovations Enabling segment. Geographically the company derives sales from Japan, China, Asia excluding Japan and China, and the rest of the world. The majority of sales are derived from Japan.