ACEA SpA (ACEA SpA) ROCE % : 7.56% (As of Dec. 2023)

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What is ACEA SpA 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. ACEA SpA's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.56%.

ACEA SpA ROCE % Historical Data

The historical data trend for ACEA SpA'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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ACEA SpA ROCE % Chart

ACEA SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.49

8.73

7.67

7.01

7.67

ACEA SpA 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															3.20	7.34	7.19	6.97	7.56

ACEA SpA ROCE % Calculation

ACEA SpA'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 )
	=	686.726	/	( ( (12011.158 - 3316.086)	+	(12853.941 - 3651.581) )	/ 2 )
	=	686.726	/	( (8695.072	+	9202.36)	/ 2 )
	=	686.726	/	8948.716
	=	7.67 %

ACEA SpA'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 )
	=	688.144	/	( ( (12624.883 - 3619.78)	+	(12853.941 - 3651.581) )	/ 2 )
	=	688.144	/	( ( 9005.103	+	9202.36 )	/ 2 )
	=	688.144	/	9103.7315
	=	7.56 %

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

ACEA SpA (OTCPK:ACEJF) 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.

ACEA SpA ROCE % Related Terms

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ACEA SpA (ACEA SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » ACEA SpA (OTCPK:ACEJF) » Definitions » ROCE %

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Traded in Other Exchanges

ACE:Italy 0MHD:UK DCA:Germany

Address

Piazzale Ostiense, 2, Roma, ITA, 00154

Website

https://www.gruppo.acea.it

ACEA SpA is an Italian-based electricity and water utility company. It operates chiefly in Rome and other cities in Lazio, a central Italian region. With the help of its various subsidiaries and numerous ventures, Acea produces and sells energy, utilities, and environmental products and services. The company derives a majority of its revenue from its water segment (drinking water and sewage system), with additional revenue coming from its energy (electricity and natural gas), networks (distribution services), and environmental (research and development and consultancy services) segments.