Ferroglobe (Ferroglobe) ROCE % : 2.94% (As of Dec. 2023)

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What is Ferroglobe 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. Ferroglobe's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.94%.

Ferroglobe ROCE % Historical Data

The historical data trend for Ferroglobe'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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Ferroglobe ROCE % Chart

Ferroglobe Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-24.33

-15.75

-7.13

59.93

14.89

Ferroglobe 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															8.64	14.35	17.05	22.84	2.94

Ferroglobe ROCE % Calculation

Ferroglobe'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 )
	=	189.389	/	( ( (1957.84 - 678.497)	+	(1758.77 - 494.004) )	/ 2 )
	=	189.389	/	( (1279.343	+	1264.766)	/ 2 )
	=	189.389	/	1272.0545
	=	14.89 %

Ferroglobe'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 )
	=	37.308	/	( ( (1703.712 - 434.627)	+	(1758.77 - 494.004) )	/ 2 )
	=	37.308	/	( ( 1269.085	+	1264.766 )	/ 2 )
	=	37.308	/	1266.9255
	=	2.94 %

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

Ferroglobe (NAS:GSM) 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.

Ferroglobe ROCE % Related Terms

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Ferroglobe (Ferroglobe) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ferroglobe PLC (NAS:GSM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

5FG:Germany

Address

13 Chesterfield Street, London, GBR, W1J 5JN

Website

https://www.ferroglobe.com

Ferroglobe PLC provides silicon-based alloys and specialty metals. It produces silicon metal and silicon and manganese-based alloy, serving customers in the specialty chemical, aluminum, solar, steel and ductile iron foundry industries. The company's business segments include North America - Silicon; Europe - Manganese; Europe - Silicon; South Africa - Silicon and Other segments The primary raw materials company uses to produce its electrometallurgy products includes its coal and quartz mining operations and its silicon metal and ferroalloy production.