OPG Power Ventures (STU:OPB) ROCE % : 6.43% (As of Sep. 2023)

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What is OPG Power Ventures 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. OPG Power Ventures's annualized ROCE % for the quarter that ended in Sep. 2023 was 6.43%.

OPG Power Ventures ROCE % Historical Data

The historical data trend for OPG Power Ventures'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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OPG Power Ventures ROCE % Chart

OPG Power Ventures Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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11.86

10.76

13.47

8.05

6.85

OPG Power Ventures Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															8.66	7.15	2.35	11.86	6.43

OPG Power Ventures ROCE % Calculation

OPG Power Ventures's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	16.624	/	( ( (306.325 - 45.949)	+	(287.658 - 62.927) )	/ 2 )
	=	16.624	/	( (260.376	+	224.731)	/ 2 )
	=	16.624	/	242.5535
	=	6.85 %

OPG Power Ventures's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	15.14	/	( ( (287.658 - 62.927)	+	(304.28 - 58.285) )	/ 2 )
	=	15.14	/	( ( 224.731	+	245.995 )	/ 2 )
	=	15.14	/	235.363
	=	6.43 %

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

OPG Power Ventures (STU:OPB) 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.

OPG Power Ventures ROCE % Related Terms

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OPG Power Ventures (STU:OPB) Business Description

Industry

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Traded in Other Exchanges

OPG.GB:UK OPG:UK

Address

55 Athol Street, Douglas, IMN, IM1 1LA

Website

https://www.opgpower.com

OPG Power Ventures PLC is engaged in the development, owning, operation and maintenance of private sector power projects in India. The electricity generated from the group's plants is sold principally to public sector undertakings and heavy industrial companies in India or in the short term market. The business objective of the group is to focus on the power generation business within India and thereby provide reliable, cost effective power to the industrial consumers and other users under the open access provisions mandated by the Government of India.