Haynes International (FRA:HYVN) ROCE % : 8.32% (As of Mar. 2024)

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What is Haynes International 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. Haynes International's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.32%.

Haynes International ROCE % Historical Data

The historical data trend for Haynes International'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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Haynes International ROCE % Chart

Haynes International Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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2.79

-1.13

-1.73

12.67

9.72

Haynes International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															11.72	8.87	11.00	7.32	8.32

Haynes International ROCE % Calculation

Haynes International's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	55.748	/	( ( (638.618 - 81.688)	+	(661.785 - 71.951) )	/ 2 )
	=	55.748	/	( (556.93	+	589.834)	/ 2 )
	=	55.748	/	573.382
	=	9.72 %

Haynes International's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	48.132	/	( ( (642.525 - 64.197)	+	(642.031 - 63.767) )	/ 2 )
	=	48.132	/	( ( 578.328	+	578.264 )	/ 2 )
	=	48.132	/	578.296
	=	8.32 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Haynes International (FRA:HYVN) 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.

Haynes International ROCE % Related Terms

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Haynes International (FRA:HYVN) Business Description

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HAYN:USA

Address

1020 West Park Avenue, Kokomo, IN, USA, 46904-9013

Website

https://www.haynesintl.com

Haynes International Inc is a producer of high-performance nickel and cobalt-based alloys. The company is focused on developing, manufacturing, marketing, and distributing technology and high-performance alloys. The company operates in a single segment: the design, manufacture, marketing, and distribution of technologically advanced, high-performance alloys for use in the aerospace, industrial gas turbine, chemical processing, and other industries Geographically, it derives a majority of revenue from the United States and also has a presence in Europe, China, and other countries.

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