Polska Grupa Energetyczna (WAR:PGE) ROCE % : -42.89% (As of Dec. 2023)

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What is Polska Grupa Energetyczna 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. Polska Grupa Energetyczna's annualized ROCE % for the quarter that ended in Dec. 2023 was -42.89%.

Polska Grupa Energetyczna ROCE % Historical Data

The historical data trend for Polska Grupa Energetyczna'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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Polska Grupa Energetyczna ROCE % Chart

Polska Grupa Energetyczna Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-6.56

1.23

8.09

6.90

-4.01

Polska Grupa Energetyczna Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-3.42	13.54	6.19	6.13	-42.89

Polska Grupa Energetyczna ROCE % Calculation

Polska Grupa Energetyczna'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 )
	=	-2844	/	( ( (105778 - 35296)	+	(113443 - 42210) )	/ 2 )
	=	-2844	/	( (70482	+	71233)	/ 2 )
	=	-2844	/	70857.5
	=	-4.01 %

Polska Grupa Energetyczna'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-32056	/	( ( (113734 - 35489)	+	(113443 - 42210) )	/ 2 )
	=	-32056	/	( ( 78245	+	71233 )	/ 2 )
	=	-32056	/	74739
	=	-42.89 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Polska Grupa Energetyczna (WAR:PGE) 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.

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Polska Grupa Energetyczna (WAR:PGE) Business Description

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0MN3:UK 6PG:Germany

Address

Aleja Krasnicka 27, Warsaw, POL, 20-718

Website

http://www.gkpge.pl

Polska Grupa Energetyczna SA is a Polish electric utility company of which the Polish State Treasury is the majority shareholder. The vast majority of Polska Grupa's revenue comes, collectively, from its conventional generation business, which mines coal and controls power plant operations; its distribution business, which distributes electricity throughout Poland; and its supply business, which purchases and sells electricity and heat. Polska Grupa controls a portfolio of lignite, coal, gas, biomass, hydro, and wind power plants. most of the company's power production is derived from its lignite-fired and coal-fired facilities. Almost all of Polska Grupa's revenue comes from the Polish market, and it is one of the largest energy producers in the country.

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