The AES (LTS:0H6G) ROCE % : -2.60% (As of Dec. 2023)

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What is The AES 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. The AES's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.60%.

The AES ROCE % Historical Data

The historical data trend for The AES'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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The AES ROCE % Chart

The AES Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.24

5.28

-0.53

3.15

4.25

The AES 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															-7.35	7.39	3.78	8.68	-2.60

The AES ROCE % Calculation

The AES'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 )
	=	1423	/	( ( (38363 - 6491)	+	(44799 - 9731) )	/ 2 )
	=	1423	/	( (31872	+	35068)	/ 2 )
	=	1423	/	33470
	=	4.25 %

The AES'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 )
	=	-904	/	( ( (43161 - 8819)	+	(44799 - 9731) )	/ 2 )
	=	-904	/	( ( 34342	+	35068 )	/ 2 )
	=	-904	/	34705
	=	-2.60 %

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

The AES (LTS:0H6G) 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.

The AES ROCE % Related Terms

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The AES (LTS:0H6G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » The AES Corp (LTS:0H6G) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AESC:USA AES:USA AES:Germany A1ES34:Brazil

Address

4300 Wilson Boulevard, 11th Floor, Arlington, VA, USA, 22203

Website

https://www.aes.com

AES is a global power company. Its current generation portfolio as of year-end 2022 consists of over 32 gigawatts of generation including renewable energy (46%), gas (32%), coal (20%), and oil (2%). AES has majority ownership and operates six electric utilities distributing power to 2.6 million customers.

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