Carnegie Clean Energy (STU:CNM1) ROCE % : -12.66% (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Carnegie Clean Energy 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. Carnegie Clean Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.66%.

Carnegie Clean Energy ROCE % Historical Data

The historical data trend for Carnegie Clean Energy'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.

* Premium members only.

Carnegie Clean Energy ROCE % Chart

Carnegie Clean Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

Get a 7-Day Free Trial

-104.59

-11.92

-3.54

-11.05

-2.83

Carnegie Clean Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-11.18	-10.49	-7.17	1.41	-12.66

Carnegie Clean Energy ROCE % Calculation

Carnegie Clean Energy's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.383	/	( ( (14.306 - 0.419)	+	(13.93 - 0.743) )	/ 2 )
	=	-0.383	/	( (13.887	+	13.187)	/ 2 )
	=	-0.383	/	13.537
	=	-2.83 %

Carnegie Clean Energy'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-1.612	/	( ( (13.93 - 0.743)	+	(12.648 - 0.379) )	/ 2 )
	=	-1.612	/	( ( 13.187	+	12.269 )	/ 2 )
	=	-1.612	/	12.728
	=	-12.66 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Carnegie Clean Energy (STU:CNM1) 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.

Carnegie Clean Energy ROCE % Related Terms

Thank you for viewing the detailed overview of Carnegie Clean Energy's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Carnegie Clean Energy (STU:CNM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Carnegie Clean Energy Ltd (STU:CNM1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CWGYF:USA CNM1:Germany CCE:Australia

Address

21 North Mole Drive, North Fremantle, Fremantle, WA, AUS, 6159

Website

https://www.carnegiece.com

Carnegie Clean Energy Ltd is the developer of utility-scale solar, battery, wave, and hybrid energy projects. The firm is mainly engaged in CETO wave energy technology/microgrid build, own, operator, which is developing and commercializing technology for zero-emission electricity generation from ocean swell, and the production and selling of energy through the ownership of microgrids; and Solar and Battery engineering and procurement. The firm realizes revenue from the sales of Garden Island Microgrid.

Carnegie Clean Energy (STU:CNM1) Headlines

No Headlines