Energy Developments (ASX:ENE) ROCE % : 15.82% (As of Jun. 2015)

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What is Energy Developments 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. Energy Developments's annualized ROCE % for the quarter that ended in Jun. 2015 was 15.82%.

Energy Developments ROCE % Historical Data

The historical data trend for Energy Developments'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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Energy Developments ROCE % Chart

Energy Developments Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

ROCE %

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1.18

7.22

13.18

10.90

13.42

Energy Developments Semi-Annual Data
	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
ROCE %	Get a 7-Day Free Trial															13.66	8.90	12.56	10.61	15.82

Energy Developments ROCE % Calculation

Energy Developments's annualized ROCE % for the fiscal year that ended in Jun. 2015 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2015 )		(A: Jun. 2014 )		(A: Jun. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2015 )		(A: Jun. 2014 )		(A: Jun. 2015 )
	=	127.321	/	( ( (1043.36 - 91.345)	+	(1045.237 - 99.34) )	/ 2 )
	=	127.321	/	( (952.015	+	945.897)	/ 2 )
	=	127.321	/	948.956
	=	13.42 %

Energy Developments's ROCE % of for the quarter that ended in Jun. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2015 )		(Q: Dec. 2014 )		(Q: Jun. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2015 )		(Q: Dec. 2014 )		(Q: Jun. 2015 )
	=	152.24	/	( ( (1066.595 - 87.96)	+	(1045.237 - 99.34) )	/ 2 )
	=	152.24	/	( ( 978.635	+	945.897 )	/ 2 )
	=	152.24	/	962.266
	=	15.82 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2015) EBIT data.

Energy Developments (ASX:ENE) 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.

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Energy Developments (ASX:ENE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Energy Developments Ltd (ASX:ENE) » Definitions » ROCE %

Traded in Other Exchanges

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Address

Website

http://www.energydevelopments.com

Energy Developments Limited is an provider of low emissions, renewable and remote energy. It is involved in project development, finance, design, operation and maintenance of international power generating and energy delivery projects.

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