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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. Ormat Technologies's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.84%.
The historical data trend for Ormat Technologies'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.
Ormat Technologies Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 7.73 | 7.57 | 4.95 | 4.50 | 5.32 |
Ormat Technologies 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 | 5.91 | 3.71 | 4.81 | 6.53 | 5.84 |
Ormat Technologies'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 ) | |||||
= | 237.966 | / | ( ( (4611.579 - 343.91) | + | (5208.279 - 537.012) ) | / 2 ) | |
= | 237.966 | / | ( (4267.669 | + | 4671.267) | / 2 ) | |
= | 237.966 | / | 4469.468 | ||||
= | 5.32 % |
Ormat Technologies'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 ) | |||||
= | 281.368 | / | ( ( (5208.279 - 537.012) | + | (5516.844 - 546.254) ) | / 2 ) | |
= | 281.368 | / | ( ( 4671.267 | + | 4970.59 ) | / 2 ) | |
= | 281.368 | / | 4820.9285 | ||||
= | 5.84 % |
(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.
* 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.
Ormat Technologies (NYSE:ORA) 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.
Thank you for viewing the detailed overview of Ormat Technologies's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Dafna Sharir | director | C/O AMPAL AMERICAN ISRAEL CORP, 111 ARLOZOROV STREET, TEL AVIV ISREL L3 00000 |
Isaac Angel | officer: CEO Appointee | 2099 GATEWAY PLACE, SUITE 600 CA 95110 |
Doron Blachar | officer: CFO | 6225 NEIL ROAD, RENO NV 89511 |
Stanley Stern | director | C/O THCG, INC, 650 MADISON AVENUE, 21ST FL, NEW YORK NY 10022 |
Orix Corp | 10 percent owner | WORLD TRADE CENTER BLDG., SOUTH TOWER, 2-4-1 HAMAMATSU-CHO, MINATO-KU, TOKYO M0 105 5135 |
Byron G. Wong | director | 2 TRAILS END, WESTPORT CT 06880 |
David Granot | director | 6225 NEIL ROAD, RENO NV 89511 |
Shimon Hatzir | officer: VP, Elect. & Conceptual Engin. | 6225 NEIL ROAD, SUITE 300, C/O ORMAT TECHNOLOGIES, INC., RENO NV 89511 |
Shlomi Argas | officer: V.P., Projects | 6225 NEIL ROAD, RENO NV 89511 |
Karin Corfee | director | 6140 PLUMAS STREET, RENO NV 89519 |
Michal Marom | director | 6140 PLUMAS STREET, RENO NV 89519 |
Dan Falk | director | 6225 NEIL ROAD, SUITE 300, C/O ORMAT TECHNOLOGIES, INC., RENO NV 89511 |
Jessica Woelfel | officer: General Counsel and CCO | 6140 PLUMAS STREET, RENO NV 89519 |
Mike Nikkel | director | 6140 PLUMAS STREET, RENO NV 89519 |
Zvi Krieger | officer: VP, Geothermal Enginerring | 6225 NEIL ROAD, SUITE 300, C/O ORMAT TECHNOLOGIES, INC., RENO NV 89511 |
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