Renova Energia (BSP:RNEW3) ROCE % : 7.62% (As of Sep. 2024)

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What is Renova Energia 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. Renova Energia's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.62%.

Renova Energia ROCE % Historical Data

The historical data trend for Renova Energia'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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Renova Energia ROCE % Chart

Renova Energia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.69

20.85

49.76

7.50

Renova Energia Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-1.60	34.80	-4.97	7.52	7.62

Renova Energia ROCE % Calculation

Renova Energia'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 )
	=	191.733	/	( ( (2814.419 - 341.621)	+	(3076.138 - 437.914) )	/ 2 )
	=	191.733	/	( (2472.798	+	2638.224)	/ 2 )
	=	191.733	/	2555.511
	=	7.50 %

Renova Energia's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	187.78	/	( ( (2962.826 - 506.687)	+	(3078.208 - 605.334) )	/ 2 )
	=	187.78	/	( ( 2456.139	+	2472.874 )	/ 2 )
	=	187.78	/	2464.5065
	=	7.62 %

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

Renova Energia (BSP:RNEW3) 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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Renova Energia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Renova Energia SA (BSP:RNEW3) » Definitions » ROCE %

Traded in Other Exchanges

RNEW11:Brazil RNEW4:Brazil

Address

Avenue Das Nacoes Unidas, No. 10,989, 8th floor set 82, Brooklin Paulista, Sao Paulo, SP, BRA

Website

https://www.renovaenergia.com.br

Renova Energia SA is a Brazilian energy company engaged in the development, implementation and operation of power generation projects from renewable sources -wind, small hydroelectric power plants (PCHs) and solar, and trading of energy and related activities. The company is responsible for prospecting, developing, and implementing projects to generate power. The company has operating segments namely: Wind, Solar, Trading and Administrative. It derives maximum revenue from Trading segment.

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