Siemens Gamesa Renewable Energy (CHIX:SGREE) ROCE % : -53.07% (As of Dec. 2022)

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What is Siemens Gamesa Renewable 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. Siemens Gamesa Renewable Energy's annualized ROCE % for the quarter that ended in Dec. 2022 was -53.07%.

Siemens Gamesa Renewable Energy ROCE % Historical Data

The historical data trend for Siemens Gamesa Renewable 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.

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Siemens Gamesa Renewable Energy ROCE % Chart

Siemens Gamesa Renewable Energy Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Sep18

Sep19

Sep20

Sep21

Sep22

ROCE %

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3.97

3.05

-11.37

-6.32

-11.23

Siemens Gamesa Renewable Energy Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
ROCE %	Get a 7-Day Free Trial															-19.23	-19.61	-25.71	17.43	-53.07

Siemens Gamesa Renewable Energy ROCE % Calculation

Siemens Gamesa Renewable Energy's annualized ROCE % for the fiscal year that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2022 )		(A: Sep. 2021 )		(A: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2022 )		(A: Sep. 2021 )		(A: Sep. 2022 )
	=	-851.187	/	( ( (16630.195 - 8729.393)	+	(17648.191 - 10395.738) )	/ 2 )
	=	-851.187	/	( (7900.802	+	7252.453)	/ 2 )
	=	-851.187	/	7576.6275
	=	-11.23 %

Siemens Gamesa Renewable Energy's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	-3528	/	( ( (17648.191 - 10395.738)	+	(17355 - 11312) )	/ 2 )
	=	-3528	/	( ( 7252.453	+	6043 )	/ 2 )
	=	-3528	/	6647.7265
	=	-53.07 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

Siemens Gamesa Renewable Energy (CHIX:SGREE) 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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Siemens Gamesa Renewable Energy (CHIX:SGREE) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Siemens Gamesa Renewable Energy SA (CHIX:SGREE) » Definitions » ROCE %

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Address

Parque Tecnologico de Bizkaia, Building 222, Vizcaya, Zamudio, ESP, 48170

Website

https://www.siemensgamesa.com

Siemens Gamesa is a leading manufacturer of onshore and offshore wind turbines. The company is the product of the merger between Siemens Wind Power and Gamesa in 2017. The firm operates in two business segments: wind turbines and services. Siemens Gamesa retained its position as the leading installer of offshore turbines in 2020. Siemens Energy (a recent spinoff from Siemens AG) has announced the takeover and delisting of Siemens Gamesa.

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