Umicore (XBRU:UMI) ROCE % : 7.63% (As of Dec. 2023)

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What is Umicore 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. Umicore's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.63%.

Umicore ROCE % Historical Data

The historical data trend for Umicore'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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Umicore ROCE % Chart

Umicore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.92

5.57

16.56

14.02

9.87

Umicore 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															10.80	15.72	12.31	11.96	7.63

Umicore ROCE % Calculation

Umicore'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 )
	=	601.016	/	( ( (9942.372 - 4134.311)	+	(9965.67 - 3595.956) )	/ 2 )
	=	601.016	/	( (5808.061	+	6369.714)	/ 2 )
	=	601.016	/	6088.8875
	=	9.87 %

Umicore'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 )
	=	481.032	/	( ( (9859.6 - 3612.5)	+	(9965.67 - 3595.956) )	/ 2 )
	=	481.032	/	( ( 6247.1	+	6369.714 )	/ 2 )
	=	481.032	/	6308.407
	=	7.63 %

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

Umicore (XBRU:UMI) 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.

Umicore ROCE % Related Terms

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Umicore (XBRU:UMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Umicore SA (XBRU:UMI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

UMICY:USA UMICF:USA UMI:Mexico 0RUY:UK NVJP:Germany UMI:Austria

Address

Rue du Marais 31 Broekstraat, Brussels, BEL, B-1000

Website

https://www.umicore.com

Umicore SA operations are divided into the following business groups: Catalysis, Energy & Surface Technologies and Recycling. The Catalysis segment provides automotive catalysts for gasoline and diesel light and heavy-duty diesel applications, including on-road & non-road vehicles. The Energy & Surface Technologies segment is focused on products that are found in applications used in the production and storage of clean energy and in a range of applications for surface technologies that bring specific properties and functionalities to end products. The Recycling segment treats complex waste streams containing precious and other speciality metals. The majority of revenue is from the Recycling segment. Geographically, the majority is from Europe.