Societatea Energetica Electrica (BSE:EL) ROCE % : 4.17% (As of Jun. 2024)

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What is Societatea Energetica Electrica 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. Societatea Energetica Electrica's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.17%.

Societatea Energetica Electrica ROCE % Historical Data

The historical data trend for Societatea Energetica Electrica'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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Societatea Energetica Electrica ROCE % Chart

Societatea Energetica Electrica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.88

7.27

-10.09

-2.26

19.82

Societatea Energetica Electrica Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-0.01	18.64	25.80	27.16	4.17

Societatea Energetica Electrica ROCE % Calculation

Societatea Energetica Electrica'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 )
	=	1188.423	/	( ( (10671.755 - 5172.155)	+	(12771.897 - 6278.605) )	/ 2 )
	=	1188.423	/	( (5499.6	+	6493.292)	/ 2 )
	=	1188.423	/	5996.446
	=	19.82 %

Societatea Energetica Electrica'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 )
	=	302.644	/	( ( (12771.897 - 6278.605)	+	(13466.082 - 5434.799) )	/ 2 )
	=	302.644	/	( ( 6493.292	+	8031.283 )	/ 2 )
	=	302.644	/	7262.2875
	=	4.17 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

Societatea Energetica Electrica (BSE:EL) 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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Societatea Energetica Electrica Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Societatea Energetica Electrica SA (BSE:EL) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 9, Grigore Alexandrescu Street, 1st District, Bucharest, ROU, 010621

Website

https://www.electrica.ro

Societatea Energetica Electrica SA is a Romanian company, which is engaged in operation and development of electricity distribution networks and activities related to electricity supply to final consumers. It mainly acts as an electricity distribution operator and the main electricity supplier in North Transylvania, South Transylvania, and North Muntenia. The company operates through following segments: Electricity & gas supply, which is engaged in purchasing and supplying electricity and gas to end consumers; Electricity distribution, which provides electricity distribution services; External electricity network services, which offers repairs, maintenance and other services for electricity networks owned by other distributors; Electricity generation segment; and Headquarters.