Capstone Infrastructure (TSX:CSE.PR.A.PFD) ROCE % : 8.83% (As of Dec. 2020)

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What is Capstone Infrastructure 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. Capstone Infrastructure's annualized ROCE % for the quarter that ended in Dec. 2020 was 8.83%.

Capstone Infrastructure ROCE % Historical Data

The historical data trend for Capstone Infrastructure'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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Capstone Infrastructure ROCE % Chart

Capstone Infrastructure Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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3.05

4.21

4.14

3.79

3.50

Capstone Infrastructure Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
ROCE %	Get a 7-Day Free Trial															6.13	1.94	2.43	0.83	8.83

Capstone Infrastructure ROCE % Calculation

Capstone Infrastructure's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	36.465	/	( ( (1105.645 - 70.335)	+	(1240.26 - 192.047) )	/ 2 )
	=	36.465	/	( (1035.31	+	1048.213)	/ 2 )
	=	36.465	/	1041.7615
	=	3.50 %

Capstone Infrastructure's ROCE % of for the quarter that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2020 )		(Q: Sep. 2020 )		(Q: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2020 )		(Q: Sep. 2020 )		(Q: Dec. 2020 )
	=	91.588	/	( ( (1190.081 - 163.935)	+	(1240.26 - 192.047) )	/ 2 )
	=	91.588	/	( ( 1026.146	+	1048.213 )	/ 2 )
	=	91.588	/	1037.1795
	=	8.83 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2020) EBIT data.

Capstone Infrastructure (TSX:CSE.PR.A.PFD) 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.

Capstone Infrastructure ROCE % Related Terms

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Capstone Infrastructure (TSX:CSE.PR.A.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Capstone Infrastructure Corp (TSX:CSE.PR.A.PFD) » Definitions » ROCE %

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N/A

Address

155 Wellington Street West, Suite 2930, Toronto, ON, CAN, M5V 3H1

Website

https://www.capstoneinfrastructure.com

Capstone Infrastructure Corp is a Canada based power producer, focused on providing energy. It is engaged in the development and operation of thermal and renewable power generation facilities in Canada. The company operates in the Power segment. The operating facilities produce electricity from wind, solar, biomass, natural gas, and hydrological resources. The company operates in Canada and United States.

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