Contact Energy (ASX:CEN) ROCE % : 5.60% (As of Jun. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Contact 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. Contact Energy's annualized ROCE % for the quarter that ended in Jun. 2024 was 5.60%.

Contact Energy ROCE % Historical Data

The historical data trend for Contact 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.

* Premium members only.

Contact Energy ROCE % Chart

Contact Energy Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

Get a 7-Day Free Trial

5.00

7.05

6.40

4.68

7.50

Contact Energy Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															3.56	0.45	8.63	9.29	5.60

Contact Energy ROCE % Calculation

Contact Energy's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	355.93	/	( ( (5309.153 - 713.006)	+	(5739.256 - 849.61) )	/ 2 )
	=	355.93	/	( (4596.147	+	4889.646)	/ 2 )
	=	355.93	/	4742.8965
	=	7.50 %

Contact Energy's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	273.65	/	( ( (5632.947 - 745.605)	+	(5739.256 - 849.61) )	/ 2 )
	=	273.65	/	( ( 4887.342	+	4889.646 )	/ 2 )
	=	273.65	/	4888.494
	=	5.60 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Contact Energy (ASX:CEN) 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.

Contact Energy ROCE % Related Terms

Thank you for viewing the detailed overview of Contact Energy's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Contact Energy Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

COENF:USA CEN:New Zealand BZB:Germany BZB:Germany

Address

29 Brandon Street, Harbour City Tower, Wellington, NTL, NZL, 6011

Website

https://www.contact.co.nz

Contact Energy is a diversified and integrated energy company. It owns a fleet of hydro, geothermal, and gas-fired generation assets, which produce close to 25% of New Zealand's electricity. It also retails electricity and gas to nearly half a million customers.