Eversource Energy (LTS:0IJ2) ROCE % : 7.48% (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Eversource 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. Eversource Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.48%.

Eversource Energy ROCE % Historical Data

The historical data trend for Eversource 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.

* Premium members only.

Eversource Energy ROCE % Chart

Eversource Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

4.81

5.33

5.14

5.71

1.21

Eversource Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															7.13	2.11	4.98	-9.12	7.48

Eversource Energy ROCE % Calculation

Eversource Energy'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 )
	=	580.404	/	( ( (53230.9 - 6799.283)	+	(55612.245 - 6341.397) )	/ 2 )
	=	580.404	/	( (46431.617	+	49270.848)	/ 2 )
	=	580.404	/	47851.2325
	=	1.21 %

Eversource Energy's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	3748.012	/	( ( (55612.245 - 6341.397)	+	(57322.225 - 6367.586) )	/ 2 )
	=	3748.012	/	( ( 49270.848	+	50954.639 )	/ 2 )
	=	3748.012	/	50112.7435
	=	7.48 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Eversource Energy (LTS:0IJ2) 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.

Eversource Energy ROCE % Related Terms

Thank you for viewing the detailed overview of Eversource Energy's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Eversource Energy (LTS:0IJ2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Eversource Energy (LTS:0IJ2) » Definitions » ROCE %

Comparable Companies

PPL FE AEE DTE ETR CNP CMS WEC EIX AGR NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG

Traded in Other Exchanges

ES:USA 1ES:Italy NWJ:Germany E1SE34:Brazil

Address

300 Cadwell Drive, Springfield, MA, USA, 1104

Website

https://www.eversource.com

Eversource Energy is a diversified holding company with subsidiaries that provide rate-regulated electric, gas, and water distribution service to more than 4 million customers in the Northeast U.S. The company expanded its service territories with acquisitions of NStar (2012), Aquarion (2017), and Columbia Gas (2020). Eversource is exiting its 50% partnership with European utility Orsted to develop 2 gigawatts of offshore wind projects in the Northeast U.S. The company exited most of its unregulated businesses in 2006.

Eversource Energy (LTS:0IJ2) Headlines

No Headlines