Serena Energia (BSP:SRNA3) ROCE % : 11.06% (As of Dec. 2023)

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What is Serena Energia 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. Serena Energia's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.06%.

Serena Energia ROCE % Historical Data

The historical data trend for Serena Energia'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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Serena Energia ROCE % Chart

Serena Energia Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

7.22

5.41

6.92

Serena Energia Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial					6.99	8.90	3.92	10.26	11.06

Serena Energia ROCE % Calculation

Serena Energia'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 )
	=	966.744	/	( ( (16877.601 - 3108.746)	+	(18761.66 - 4603.489) )	/ 2 )
	=	966.744	/	( (13768.855	+	14158.171)	/ 2 )
	=	966.744	/	13963.513
	=	6.92 %

Serena Energia'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 )
	=	1528.208	/	( ( (17945.361 - 4463.021)	+	(18761.66 - 4603.489) )	/ 2 )
	=	1528.208	/	( ( 13482.34	+	14158.171 )	/ 2 )
	=	1528.208	/	13820.2555
	=	11.06 %

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

Serena Energia (BSP:SRNA3) 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.

Serena Energia ROCE % Related Terms

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Serena Energia (BSP:SRNA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Serena Energia SA (BSP:SRNA3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Elvira Ferraz, no. 68, 12th floor, Conjuntos no. 123 and 124, Vila Olimpia, Sao Paulo, SP, BRA, 04552-040

Website

https://www.srna.co

Serena Energia SA is engaged in the generation of renewable energy. Its portfolio includes wind, hydro, and solar operational assets.

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