Brookfield Renewable (TSX:BEPC) ROCE % : 9.11% (As of Mar. 2024)

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What is Brookfield Renewable 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. Brookfield Renewable's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.11%.

Brookfield Renewable ROCE % Historical Data

The historical data trend for Brookfield Renewable'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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Brookfield Renewable ROCE % Chart

Brookfield Renewable Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.42

-6.39

6.12

8.94

4.23

Brookfield Renewable 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															-6.23	7.66	18.58	-2.10	9.11

Brookfield Renewable ROCE % Calculation

Brookfield Renewable'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 )
	=	2198.882	/	( ( (58806.748 - 9850.483)	+	(66303.214 - 11182.236) )	/ 2 )
	=	2198.882	/	( (48956.265	+	55120.978)	/ 2 )
	=	2198.882	/	52038.6215
	=	4.23 %

Brookfield Renewable'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 )
	=	4802.572	/	( ( (66303.214 - 11182.236)	+	(59883.264 - 9626.803) )	/ 2 )
	=	4802.572	/	( ( 55120.978	+	50256.461 )	/ 2 )
	=	4802.572	/	52688.7195
	=	9.11 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Brookfield Renewable (TSX:BEPC) 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.

Brookfield Renewable ROCE % Related Terms

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Brookfield Renewable (TSX:BEPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Brookfield Renewable Corp (TSX:BEPC) » Definitions » ROCE %

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BEPC:USA

Address

250 Vesey Street, 15th Floor, New York, NY, USA, 10281-1023

Website

https://www.brookfield.com

Brookfield Renewable is a globally diversified, multitechnology owner and operator of clean energy assets. The company's portfolio consists of hydroelectric, wind, solar, and storage facilities in North America, South America, Europe, and Asia, and totals over 20 gigawatts of installed capacity. Brookfield Renewable invests in assets directly, as well as with institutional partners, joint venture partners, and through other arrangements. The company offers two separate listings for investors: Brookfield Renewable Partners LP and Brookfield Renewable Corporation.