Enwell Energy (LSE:ENW) ROCE % : 18.38% (As of Jun. 2023)

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What is Enwell Energy 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. Enwell Energy's annualized ROCE % for the quarter that ended in Jun. 2023 was 18.38%.

Enwell Energy ROCE % Historical Data

The historical data trend for Enwell Energy'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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Enwell Energy ROCE % Chart

Enwell Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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75.16

16.48

4.76

41.20

38.72

Enwell Energy Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															24.27	58.35	44.44	30.17	18.38

Enwell Energy ROCE % Calculation

Enwell Energy's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	61.343	/	( ( (156.86 - 13.691)	+	(198.464 - 24.798) )	/ 2 )
	=	61.343	/	( (143.169	+	173.666)	/ 2 )
	=	61.343	/	158.4175
	=	38.72 %

Enwell Energy's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	28.118	/	( ( (198.464 - 24.798)	+	(152.774 - 20.521) )	/ 2 )
	=	28.118	/	( ( 173.666	+	132.253 )	/ 2 )
	=	28.118	/	152.9595
	=	18.38 %

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

Enwell Energy (LSE:ENW) 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.

Enwell Energy ROCE % Related Terms

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Enwell Energy (LSE:ENW) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enwell Energy PLC (LSE:ENW) » Definitions » ROCE %

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ENW:UK RHN:Germany

Address

16 Old Queen Street, London, GBR, SW1H 9HP

Website

https://www.enwell-energy.com

Enwell Energy PLC is an independent oil and gas company. The company's principal activity is oil and gas exploration, development and production. They have four fields in appraisal, development and production which are three fields in Poltava region and one in Kharkiv region. Business operations of the company are mainly functioned through Ukraine, and the United Kingdom. The majority of its revenue is derived from gas sales and geographically from Ukraine. The Company's gas, condensate and LPG extraction and production facilities are located in Ukraine.

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