Companhia Siderurgica Nacional (Companhia Siderurgica Nacional) ROCE % : 13.63% (As of Dec. 2023)

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What is Companhia Siderurgica Nacional 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. Companhia Siderurgica Nacional's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.63%.

Companhia Siderurgica Nacional ROCE % Historical Data

The historical data trend for Companhia Siderurgica Nacional'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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Companhia Siderurgica Nacional ROCE % Chart

Companhia Siderurgica Nacional Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.06

14.71

38.67

12.65

8.31

Companhia Siderurgica Nacional 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															5.35	2.53	8.22	8.99	13.63

Companhia Siderurgica Nacional ROCE % Calculation

Companhia Siderurgica Nacional'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 )
	=	1062.327	/	( ( (16272.231 - 4284.729)	+	(18680.297 - 5105.74) )	/ 2 )
	=	1062.327	/	( (11987.502	+	13574.557)	/ 2 )
	=	1062.327	/	12781.0295
	=	8.31 %

Companhia Siderurgica Nacional'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 )
	=	1860.16	/	( ( (17901.402 - 4188.225)	+	(18680.297 - 5105.74) )	/ 2 )
	=	1860.16	/	( ( 13713.177	+	13574.557 )	/ 2 )
	=	1860.16	/	13643.867
	=	13.63 %

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

Companhia Siderurgica Nacional (NYSE:SID) 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.

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Companhia Siderurgica Nacional (Companhia Siderurgica Nacional) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Companhia Siderurgica Nacional (NYSE:SID) » Definitions » ROCE %

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Traded in Other Exchanges

CQWA:Germany CSNA3:Brazil SID:Argentina

Address

Avenue Brigadeiro Faria Lima, 3400, 20th Floor, Sao Paulo, SP, BRA, 04538-132

Website

https://www.csn.com.br

Companhia Siderurgica Nacional is an integrated steel producer. The company operate throughout the entire steel production chain, from the mining of iron ore to the production and sale of a diversified range of steel products. It operates in five segments namely, Steel, Mining, Logistics, Energy, and Cement. It generates maximum revenue from the steel segment. Geographically, it derives a majority of revenue from Asia.