Renault (WBO:RNO) ROCE % : 2.71% (As of Dec. 2023)

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What is Renault 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. Renault's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.71%.

Renault ROCE % Historical Data

The historical data trend for Renault'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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Renault ROCE % Chart

Renault Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.88

-15.33

3.15

5.45

7.19

Renault 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															3.93	4.77	6.43	11.56	2.71

Renault ROCE % Calculation

Renault'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 )
	=	3206	/	( ( (118292 - 73045)	+	(121913 - 77933) )	/ 2 )
	=	3206	/	( (45247	+	43980)	/ 2 )
	=	3206	/	44613.5
	=	7.19 %

Renault'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 )
	=	1202	/	( ( (119907 - 75017)	+	(121913 - 77933) )	/ 2 )
	=	1202	/	( ( 44890	+	43980 )	/ 2 )
	=	1202	/	44435
	=	2.71 %

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

Renault (WBO:RNO) 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.

Renault ROCE % Related Terms

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Renault (WBO:RNO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Renault SA (WBO:RNO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RNSDF:USA RNLSY:USA RNO:Italy RNOp:UK 0NQF:UK RNO:France RNL:Germany

Address

13-15, quai Le Gallo, Boulogne, Billancourt, FRA, 92100

Website

http://www.renault.com

Renault possesses a global alliance of automotive manufacturing, financing, and sales operations. The company's alliance partners consist of Dacia (99.4%), Nissan (43.7%), Renault Samsung Motors (80.0%), and Mitsubishi (Nissan owns 34%). Total 2022 Renault-Nissan-Mitsubishi alliance sales volume of 6.4 million vehicles makes the alliance the fourth-largest vehicle group in the world, behind Toyota at 10.3 million, Volkswagen at 8.5 million, and Hyundai/Kia at 6.8 million vehicles sold.

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