FutureFuel (FutureFuel) ROCE % : 29.26% (As of Dec. 2023)

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What is FutureFuel 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. FutureFuel's annualized ROCE % for the quarter that ended in Dec. 2023 was 29.26%.

FutureFuel ROCE % Historical Data

The historical data trend for FutureFuel'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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FutureFuel ROCE % Chart

FutureFuel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.10

7.00

4.48

4.55

12.00

FutureFuel 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															18.14	27.27	-12.47	3.62	29.26

FutureFuel ROCE % Calculation

FutureFuel'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 )
	=	37.521	/	( ( (355.969 - 56.098)	+	(367.081 - 41.344) )	/ 2 )
	=	37.521	/	( (299.871	+	325.737)	/ 2 )
	=	37.521	/	312.804
	=	12.00 %

FutureFuel'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 )
	=	93.544	/	( ( (345.836 - 32.133)	+	(367.081 - 41.344) )	/ 2 )
	=	93.544	/	( ( 313.703	+	325.737 )	/ 2 )
	=	93.544	/	319.72
	=	29.26 %

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

FutureFuel (NYSE:FF) 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.

FutureFuel ROCE % Related Terms

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FutureFuel (FutureFuel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » FutureFuel Corp (NYSE:FF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

3FF:Germany

Address

8235 Forsyth Boulevard, Suite 400, Saint Louis, MO, USA, 63105

Website

https://www.futurefuelcorporation.com

FutureFuel Corp makes and sells diversified chemical products, bio-based fuel products, and specialty chemical products. The company is organized into two segments based on product type: biofuels and chemicals. The biofuel segment sells biodiesel and other petroleum products. Its fuels are made from a mix of diesel, vegetable oils, and grease feedstock. The chemicals segment sells products that are used in the production of agricultural chemicals, which include herbicides, coatings, and cleaning products, such as detergents.

Executives

Kyle Gaither	officer: Chief Operations Officer	8235 FORSYTH BOULEVARD, SUITE 400, CLAYTON MO 63105
Charles W. Lyon	officer: Chief Commercial Officer	8235 FORSYTH BOULEVARD, SUITE 400, CLAYTON MO 63105
Donald C. Bedell	director	731 N. MAIN STREET, SIKESTON MO 63801
Ronald J Kruszewski	director	501 NORTH BROADWAY, ST LOUIS MO 63102
Novelly Paul Anthony Ii	10 percent owner	C/O ST. ALBANS GLOBAL MANAGEMENT, 8235 FORSYTH BLVD., SUITE 400, ST. LOUIS MO 63105
Apex Holding Co.	10 percent owner	C/O ST. ALBANS GLOBAL MANAGEMENT, 8235 FORSYTH BLVD., SUITE 400, ST. LOUIS MO 63105
Sagm Holdings, Llc	10 percent owner	C/O ST. ALBANS GLOBAL MANAGEMENT, 8235 FORSYTH BLVD., SUITE 400, ST. LOUIS MO 63105
Paul M Flynn	officer: See remarks	8235 FORSYTH BLVD., SUITE 307, ST. LOUIS MO 63105
Dale E Cole	director	1325 HARRISON STREET, BATESVILLE AR 72501
Egger Terrance C Z	director	900 NORTH TUCKER BLVD, ST LOUIS MO 63101
Alain Louvel	director	C/O FUTURE FUEL, 8235 FORSYTH BLVD., SUITE 400, ST. LOUIS MO 63105
St. Albans Global Management, Llc	10 percent owner	8235 FORSYTH BOULEVARD, SUITE 400, CLAYTON MO 63105
Paul A Novelly	director, officer: Exec. Chair. of Board of Dir.	115 S JEFFERSON RD, WHIPPANY NJ 07981
Mckinlay Thomas	officer: Chief Operating Officer	8235 FORSYTH, FOURTH FLOOR, ST. LOUIS MO 63105
Paul G. Lorenzini	director	25 FORDYCE LANE, ST. LOUIS MO 63124