ArcelorMittal South Africa (JSE:ACL) ROCE % : -36.96% (As of Dec. 2023)

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What is ArcelorMittal South Africa 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. ArcelorMittal South Africa's annualized ROCE % for the quarter that ended in Dec. 2023 was -36.96%.

ArcelorMittal South Africa ROCE % Historical Data

The historical data trend for ArcelorMittal South Africa'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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ArcelorMittal South Africa ROCE % Chart

ArcelorMittal South Africa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-26.96

-12.25

65.85

23.57

-16.84

ArcelorMittal South Africa Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															76.18	40.94	6.35	2.54	-36.96

ArcelorMittal South Africa ROCE % Calculation

ArcelorMittal South Africa'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 )
	=	-2533	/	( ( (30001 - 12779)	+	(29110 - 16250) )	/ 2 )
	=	-2533	/	( (17222	+	12860)	/ 2 )
	=	-2533	/	15041
	=	-16.84 %

ArcelorMittal South Africa'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-5500	/	( ( (32926 - 16024)	+	(29110 - 16250) )	/ 2 )
	=	-5500	/	( ( 16902	+	12860 )	/ 2 )
	=	-5500	/	14881
	=	-36.96 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

ArcelorMittal South Africa (JSE:ACL) 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.

ArcelorMittal South Africa ROCE % Related Terms

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ArcelorMittal South Africa (JSE:ACL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ArcelorMittal South Africa Ltd (JSE:ACL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ARCXF:USA ISC1:Germany

Address

Delfos Boulevard, Main Building, Vanderbijlpark Works, Vanderbijlpark, GT, ZAF, 1911

Website

https://www.arcelormittalsa.com

ArcelorMittal South Africa Ltd is a South Africa-based steel-producing company. The company's operating segments include Steel operations; Non-steel operations; Corporate and others. It generates the majority of total revenue from the Steel segment. The product range consists of hot-rolled coil, plate, coiled rounds, flats, reinforced bars, rounds, billets and channels, and commercial coke among others. The group operates mainly in South Africa. Export sales are mostly sold in sub-Saharan Africa, Asia, Europe, and America.

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