Celanese (LTS:0HUR) ROCE % : 5.58% (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Celanese 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. Celanese's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.58%.

Celanese ROCE % Historical Data

The historical data trend for Celanese'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.

Celanese ROCE % Chart

Celanese Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

14.46

28.33

25.42

11.53

8.51

Celanese 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															1.92	5.45	7.24	16.35	5.58

Celanese ROCE % Calculation

Celanese'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 )
	=	1903	/	( ( (26272 - 4068)	+	(26597 - 4072) )	/ 2 )
	=	1903	/	( (22204	+	22525)	/ 2 )
	=	1903	/	22364.5
	=	8.51 %

Celanese'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 )
	=	1240	/	( ( (25538 - 3616)	+	(26597 - 4072) )	/ 2 )
	=	1240	/	( ( 21922	+	22525 )	/ 2 )
	=	1240	/	22223.5
	=	5.58 %

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

Celanese (LTS:0HUR) 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.

Celanese ROCE % Related Terms

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

Celanese (LTS:0HUR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Celanese Corp (LTS:0HUR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CE:USA DG3:Germany C1NS34:Brazil

Address

222 W. Las Colinas Boulevard, Suite 900N, Irving, TX, USA, 75039-5421

Website

https://www.celanese.com

Celanese is one of the world's largest producers of acetic acid and its downstream derivative chemicals, which are used in various end markets, including coatings and adhesives. The company is also one of the largest producers of specialty polymers, which are used in the automotive, electronics, medical, building, and consumer end markets. The company also makes cellulose derivatives used in cigarette filters.

Celanese (LTS:0HUR) Headlines

No Headlines