Eneva (BSP:ENEV3) ROCE % : 4.86% (As of Mar. 2024)

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What is Eneva 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. Eneva's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.86%.

Eneva ROCE % Historical Data

The historical data trend for Eneva'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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Eneva ROCE % Chart

Eneva Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.48

8.14

10.19

5.48

5.49

Eneva 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															8.17	9.83	3.34	0.77	4.86

Eneva ROCE % Calculation

Eneva'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 )
	=	2074.365	/	( ( (41713.969 - 5026.873)	+	(43565.879 - 4736.21) )	/ 2 )
	=	2074.365	/	( (36687.096	+	38829.669)	/ 2 )
	=	2074.365	/	37758.3825
	=	5.49 %

Eneva'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 )
	=	1888.1	/	( ( (43565.879 - 4736.21)	+	(43090.587 - 4204.293) )	/ 2 )
	=	1888.1	/	( ( 38829.669	+	38886.294 )	/ 2 )
	=	1888.1	/	38857.9815
	=	4.86 %

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

Eneva (BSP:ENEV3) 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.

Eneva ROCE % Related Terms

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Eneva (BSP:ENEV3) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Eneva SA (BSP:ENEV3) » Definitions » ROCE %

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Address

Praca Mahatma Gandhi, 14, 9 Andar, Centro, Rio de Janeiro, RJ, BRA, 22210903

Website

http://www.eneva.com.br

Eneva SA is a Brazilian energy utilities company involved in the generation and distribution of electricity, with complementary businesses in natural gas exploration and production. The company generates electricity through various resources, including coal, natural gas, thermoelectric plants, and renewable energy sources, such as solar energy. Furthermore, the company mines coal in Columbia, operates thermoelectric plants in Chile and Brazil, and extracts natural gas from Brazil. The firm primarily operates through its Power Generation, Energy Trading, Natural Resources, and Corporate segments.

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