EDP Renovaveis (XLIS:EDPR) ROCE % : 5.17% (As of Dec. 2023)

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What is EDP Renovaveis 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. EDP Renovaveis's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.17%.

EDP Renovaveis ROCE % Historical Data

The historical data trend for EDP Renovaveis'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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EDP Renovaveis ROCE % Chart

EDP Renovaveis Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.19

6.92

6.89

6.97

4.71

EDP Renovaveis Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															11.11	3.14	4.74	3.73	5.17

EDP Renovaveis ROCE % Calculation

EDP Renovaveis'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 )
	=	1098.491	/	( ( (27453.017 - 5455.218)	+	(30046.652 - 5419.73) )	/ 2 )
	=	1098.491	/	( (21997.799	+	24626.922)	/ 2 )
	=	1098.491	/	23312.3605
	=	4.71 %

EDP Renovaveis'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1393.964	/	( ( (30122 - 777)	+	(30046.652 - 5419.73) )	/ 2 )
	=	1393.964	/	( ( 29345	+	24626.922 )	/ 2 )
	=	1393.964	/	26985.961
	=	5.17 %

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

EDP Renovaveis (XLIS:EDPR) 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.

EDP Renovaveis ROCE % Related Terms

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EDP Renovaveis (XLIS:EDPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » EDP Renovaveis SA (XLIS:EDPR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EDRVF:USA EDPRu:UK 0ML1:UK EDW:Germany

Address

Calle Serrano Galvache, 56, Centro Empresarial Parque Norte, 7th Floor, Edificio Olmo, Madrid, ESP, 28033

Website

http://www.edpr.com

EDP Renovaveis, a 71%-owned subsidiary of integrated Portuguese utility EDP, was created in 2007. It builds, develops, and operates renewables plants, mostly wind and solar. With 14.7 GW of net installed capacity at the end of 2022, EDP Renovaveis is the fourth-largest renewables player in the world and the third-largest in the U.S. and Europe. The group's plants are mainly located in the U.S., Spain, Portugal, Poland, and Brazil.

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