NL Industries (NL Industries) ROCE % : 6.21% (As of Dec. 2023)

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What is NL 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. NL Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.21%.

NL Industries ROCE % Historical Data

The historical data trend for NL 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.

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NL Industries ROCE % Chart

NL Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.90

2.85

11.41

7.03

-1.01

NL Industries 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															-4.28	-3.02	-6.90	-0.07	6.21

NL Industries ROCE % Calculation

NL 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 )
	=	-5.673	/	( ( (609.867 - 32.052)	+	(576.662 - 30.449) )	/ 2 )
	=	-5.673	/	( (577.815	+	546.213)	/ 2 )
	=	-5.673	/	562.014
	=	-1.01 %

NL Industries'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 )
	=	33.732	/	( ( (570.484 - 30.021)	+	(576.662 - 30.449) )	/ 2 )
	=	33.732	/	( ( 540.463	+	546.213 )	/ 2 )
	=	33.732	/	543.338
	=	6.21 %

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

NL Industries (NYSE:NL) 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.

NL Industries ROCE % Related Terms

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NL Industries (NL Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » NL Industries Inc (NYSE:NL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5430 LBJ Freeway, Suite 1700, Dallas, TX, USA, 75240-2620

Website

https://www.nl-ind.com

NL Industries Inc operates in the component products industry through its majority-owned subsidiary, CompX International Inc. It manufactures engineered components that are sold to a range of industries, including recreational transportation, postal, office and institutional furniture, cabinetry, tool storage, healthcare, gas stations and vending equipment. CompX has three production facilities in the United States, through which it produces a precision ball bearing slide, security products, and ergonomic computer support systems. The company derives most of its revenue from Europe.

Executives

Kevin B Kramer	director	C/O STONERIGDGE INC., 9400 E. MARKET ST, WARREN OH 44484
Erica A. Austin	officer: VP, Employee Benefits	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Kristin B Mccoy	officer: EVP, Tax	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Amy A. Samford	officer: Executive VP and CFO	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Gouveia Randall Colin	director	2225 W. CHANDLER BLVD.,, CHANDLER AZ 85224
Michael Shawn Simmons	officer: Executive Vice President	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Bart W Reichert	officer: Vice President, Internal Audit	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Amy E. Ruf	officer: Vice President and Controller	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Darci B Scott	officer: Vice President, Tax	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Bryan A. Hanley	officer: Vice President and Treasurer	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Patty S. Brinda	officer: Vice President and Controller	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Patricia A. Kropp	officer: VP Employee Benefits	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Thomas P Stafford	director	C/O WACKENHUT CORP, 4200 WACKENHUT DRIVE #100, PALM BEACH GARDENS FL 33410-4243
Meredith W. Mendes	director	2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
Powers John Read Iii	officer: VP and General Counsel	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240