Redeiaoracion (Redeiaoracion) ROCE %

: 8.54% (As of Sep. 2023)

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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. Redeiaoracion's annualized ROCE % for the quarter that ended in Sep. 2023 was 8.54%.

Redeiaoracion ROCE % Historical Data

The historical data trend for Redeiaoracion'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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Redeiaoracion Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

11.31

10.80

9.01

8.63

8.37

Redeiaoracion Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %																8.52	6.49	9.28	8.88	8.54

Redeiaoracion ROCE % Calculation

Redeiaoracion's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	1046.916	/	( ( (15801.67 - 3359.786)	+	(15658.39 - 3075.256) )	/ 2 )
	=	1046.916	/	( (12441.884	+	12583.134)	/ 2 )
	=	1046.916	/	12512.509
	=	8.37 %

Redeiaoracion's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	1166.336	/	( ( (16574.497 - 3001.391)	+	(15545.358 - 1797.545) )	/ 2 )
	=	1166.336	/	( ( 13573.106	+	13747.813 )	/ 2 )
	=	1166.336	/	13660.4595
	=	8.54 %

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

Redeiaoracion (OTCPK:RDEIF) 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.

Redeiaoracion ROCE % Related Terms

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Redeiaoracion (Redeiaoracion) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Redeia Corporacion SA (OTCPK:RDEIF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RDEIY:USA 1REE:Italy REDe:UK 0RI5:UK RED:Spain RE21:Germany

Address

Paseo del Conde de los Gaitanes, 177, Alcobendas, Madrid, ESP, 28109

Website

https://www.ree.es

Redeia owns and operates the Spanish electric transmission system. The company has acquired almost all of the nation's power grid, which other owners were forced to sell to it by government decree. Its activities are regulated by the National Energy Commission, which answers to the Spanish legislature. Redeia also operates a small fibre-optics network in Spain and has a growing Latin American infrastructure business. The group significantly increased its exposure to telecommunications by acquiring Spanish communications satellite operator Hispasat from Abertis in 2019.

Redeiaoracion (Redeiaoracion) Headlines

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