Cloudberry Clean Energy ASA (CHIX:CLOUDO) ROCE % : 8.82% (As of Jun. 2024)

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What is Cloudberry Clean Energy ASA 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. Cloudberry Clean Energy ASA's annualized ROCE % for the quarter that ended in Jun. 2024 was 8.82%.

Cloudberry Clean Energy ASA ROCE % Historical Data

The historical data trend for Cloudberry Clean Energy ASA'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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Cloudberry Clean Energy ASA ROCE % Chart

Cloudberry Clean Energy ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-122.24

-5.97

-2.85

3.59

5.26

Cloudberry Clean Energy ASA Quarterly Data
	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial														23.62	-1.51	-8.78	2.44	8.82

Cloudberry Clean Energy ASA ROCE % Calculation

Cloudberry Clean Energy ASA'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 )
	=	280	/	( ( (4603 - 283)	+	(6691 - 364) )	/ 2 )
	=	280	/	( (4320	+	6327)	/ 2 )
	=	280	/	5323.5
	=	5.26 %

Cloudberry Clean Energy ASA'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: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	576	/	( ( (6717 - 234)	+	(6883 - 306) )	/ 2 )
	=	576	/	( ( 6483	+	6577 )	/ 2 )
	=	576	/	6530
	=	8.82 %

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

Cloudberry Clean Energy ASA (CHIX:CLOUDo) 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.

Cloudberry Clean Energy ASA ROCE % Related Terms

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Cloudberry Clean Energy ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Cloudberry Clean Energy ASA (CHIX:CLOUDo) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CLOUDo:Sweden CLOUD:Norway 52K:Germany

Address

Froyas gate 15, Oslo, NOR, NO-0273

Website

https://www.cloudberry.no

Cloudberry Clean Energy ASA is a Nordic energy company that owns, develops, and operates hydropower and wind power plants in Norway and Sweden. The company produces renewable energy for future generations, with an ambition to develop a sustainable society and create value for stakeholders. The company has three revenue generating segments and one cost-efficient corporate segment. Development segment consists of green-field projects both onshore and off-shore. Production segment is engaged in operating assets, with power sold in the spot market and under fixed price Power Purchase Agreements. Operations segment delivers services such as asset management of hydro and wind assets, including digital solutions.

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