AGL Energy (ASX:AGL) ROCE % : 17.01% (As of Dec. 2023)

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What is AGL 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. AGL Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.01%.

AGL Energy ROCE % Historical Data

The historical data trend for AGL 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.

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AGL Energy ROCE % Chart

AGL Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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11.96

12.99

-19.70

11.51

-13.96

AGL 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															14.42	8.36	-25.69	-2.90	17.01

AGL Energy ROCE % Calculation

AGL 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 )
	=	-1585	/	( ( (19270 - 7607)	+	(15238 - 4187) )	/ 2 )
	=	-1585	/	( (11663	+	11051)	/ 2 )
	=	-1585	/	11357
	=	-13.96 %

AGL 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 )
	=	1882	/	( ( (15238 - 4187)	+	(14512 - 3437) )	/ 2 )
	=	1882	/	( ( 11051	+	11075 )	/ 2 )
	=	1882	/	11063
	=	17.01 %

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

AGL Energy (ASX:AGL) 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.

AGL Energy ROCE % Related Terms

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AGL Energy (ASX:AGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » AGL Energy Ltd (ASX:AGL) » Definitions » ROCE %

Traded in Other Exchanges

AGLXY:USA AGLNF:USA N9Z1:Germany

Address

200 George Street, Level 24, Sydney, NSW, AUS, 2000

Website

https://www.agl.com.au

AGL Energy is one of Australia's largest retailers of electricity and gas. It services over 4 million retail electricity and gas accounts in Australian, or about one third of the market. Profit is dominated by energy generation, underpinned by its low-cost coal-fired generation fleet. Founded in 1837, it is the oldest company on the ASX. Generation capacity comprises a portfolio of renewable, peaking, intermediate, and base-load electricity generation plants.