Artesian Resources (Artesian Resources) ROCE % : 3.71% (As of Dec. 2023)

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What is Artesian Resources 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. Artesian Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.71%.

Artesian Resources ROCE % Historical Data

The historical data trend for Artesian Resources'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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Artesian Resources ROCE % Chart

Artesian Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.28

5.56

5.35

5.17

4.54

Artesian Resources 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															3.28	4.38	4.76	5.22	3.71

Artesian Resources ROCE % Calculation

Artesian Resources'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 )
	=	32.203	/	( ( (719.791 - 44.07)	+	(766.832 - 22.414) )	/ 2 )
	=	32.203	/	( (675.721	+	744.418)	/ 2 )
	=	32.203	/	710.0695
	=	4.54 %

Artesian Resources'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 )
	=	27.472	/	( ( (761.811 - 27.176)	+	(766.832 - 22.414) )	/ 2 )
	=	27.472	/	( ( 734.635	+	744.418 )	/ 2 )
	=	27.472	/	739.5265
	=	3.71 %

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

Artesian Resources (NAS:ARTNA) 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.

Artesian Resources ROCE % Related Terms

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Artesian Resources (Artesian Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Artesian Resources Corp (NAS:ARTNA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ARTNB:USA

Address

664 Churchmans Road, Newark, DE, USA, 19702

Website

http://www.artesianwater.com

Artesian Resources Corp operates as the holding company of eight wholly-owned subsidiaries offering water, wastewater, and other services on the Delmarva Peninsula. It distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal, and utility customers in the states of Delaware, Maryland, and Pennsylvania. The company is focusing on a wide spectrum of activities, which include identifying new and dependable sources of water supply; developing wells, treatment plants and delivery systems to get water to customers.

Executives

Nicholle Renee Taylor	director, officer: Director / Vice President	664 CHURCHMANS ROAD, NEWARK DE 19702
John M Thaeder	officer: Senior VP of Operations
Emerson Courtney A	officer: Gen Counsel & Asst Secretary	107 DODGE DRIVE, SMYRNA DE 19977
Dian C Taylor	director, officer: C.E.O. President
Kenneth R Biederman	director
Raymond T. Kelly	officer: VP of Information Technology	15 GABRIELLE CIRCLE, SWEDESBORO NJ 08085
Daniel Konstanski	officer: Vice President of Engineering	607 S CLAYTON STREET, WILMINGTON DE 19805
Eisenbrey John R Jr	director
Pierre A Anderson	officer: VP of Information Technology	664 CHURCHMANS ROAD, NEWARK DE 19702
William C Wyer	director
Michael Houghton	director	212 CLOVER DRIVE, HOCKESSIN DE 19707
Karl G. Randall	officer: Asst Secretary and Gen Counsel	664 CHURCHMANS ROAD, NEWARK DE 19702
Schreppler John J Ii	officer: VP and General Counsel
Joseph A Dinunzio	officer: Exec VP / Corp Secretary	664 CHURCHMANS ROAD, NEWARK DE 19702
David B Spacht	officer: CFO and Treasurer