Ascent Industries Co (FRA:SY4) ROCE % : -15.17% (As of Mar. 2024)

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What is Ascent Industries Co 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. Ascent Industries Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -15.17%.

Ascent Industries Co ROCE % Historical Data

The historical data trend for Ascent Industries Co'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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Ascent Industries Co ROCE % Chart

Ascent Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.03

-14.46

14.24

6.74

-19.34

Ascent Industries Co 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															-11.05	-6.89	-27.14	-47.99	-15.17

Ascent Industries Co ROCE % Calculation

Ascent Industries Co'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 )
	=	-33.78	/	( ( (253.977 - 31.603)	+	(149.742 - 22.732) )	/ 2 )
	=	-33.78	/	( (222.374	+	127.01)	/ 2 )
	=	-33.78	/	174.692
	=	-19.34 %

Ascent Industries Co'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 )
	=	-18.888	/	( ( (149.742 - 22.732)	+	(148.093 - 26.031) )	/ 2 )
	=	-18.888	/	( ( 127.01	+	122.062 )	/ 2 )
	=	-18.888	/	124.536
	=	-15.17 %

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

Ascent Industries Co (FRA:SY4) 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.

Ascent Industries Co ROCE % Related Terms

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Ascent Industries Co (FRA:SY4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ascent Industries Co (FRA:SY4) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ACNT:USA

Address

1400 16th Street, Suite 270, Oak Brook, IL, USA, 60523

Website

https://www.ascentco.com

Ascent Industries Co is engaged in the chemical and metal industry. The group operates into two reportable segments namely the Ascent Tubular Products and the Specialty Chemicals Segment. The Tubular Products segment serves markets through pipe and tube and customers in the appliance, architectural, automotive and commercial transportation, brewery, chemical, petrochemical and other industries. The Specialty Chemicals segment produces specialty products for the pulp and paper, coatings, adhesives, sealants and elastomers (CASE), textile, automotive, household and other industries. It manufactures welded pipe and tube, majorly from stainless steel, duplex, and nickel alloys. The company also produces specialty chemicals and dyes used in various end markets.

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