ENEFI Asset Management (BUD:ENEFI) ROCE % : 1.70% (As of Dec. 2023)

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What is ENEFI Asset Management 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. ENEFI Asset Management's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.70%.

ENEFI Asset Management ROCE % Historical Data

The historical data trend for ENEFI Asset Management'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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ENEFI Asset Management ROCE % Chart

ENEFI Asset Management Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.50

20.49

-12.54

-5.08

-6.78

ENEFI Asset Management 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															-27.84	-11.80	1.70	-15.35	1.70

ENEFI Asset Management ROCE % Calculation

ENEFI Asset Management'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 )
	=	-199.274	/	( ( (3712.111 - 643.137)	+	(3442.59 - 635.123) )	/ 2 )
	=	-199.274	/	( (3068.974	+	2807.467)	/ 2 )
	=	-199.274	/	2938.2205
	=	-6.78 %

ENEFI Asset Management'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 )
	=	47	/	( ( (3351.782 - 615.698)	+	(3442.59 - 635.123) )	/ 2 )
	=	47	/	( ( 2736.084	+	2807.467 )	/ 2 )
	=	47	/	2771.7755
	=	1.70 %

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

ENEFI Asset Management (BUD:ENEFI) 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.

ENEFI Asset Management ROCE % Related Terms

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ENEFI Asset Management (BUD:ENEFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » ENEFI Asset Management PLC (BUD:ENEFI) » Definitions » ROCE %

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N/A

Address

Nanasi ut 23779/8/E/24, Budapest, HUN, 1031

Website

https://www.enefi.hu

ENEFI Asset Management PLC is an alternative energy company specializing in the implementation of self-financed, technology-independent, and supplier-independent complex energy efficiency-improvement projects, based on the combination of fossil and renewable energy sources. It offers heat supply, public lighting, and kitchen technology investments. The company operates in the following segments: the Energy sector; the Real segment which currently has four branches: finance, tourism, real estate, and food industry; and the Capital market segment. The company derives the majority of its revenue from the Energy sector. The company operates in Cyprus and Romania, out of which the majority of the revenue is generated from Romania.

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