Vallibel Power Erathna (COL:VPEL.N0000) ROCE % : 15.05% (As of Mar. 2024)

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What is Vallibel Power Erathna 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. Vallibel Power Erathna's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.05%.

Vallibel Power Erathna ROCE % Historical Data

The historical data trend for Vallibel Power Erathna'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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Vallibel Power Erathna ROCE % Chart

Vallibel Power Erathna Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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27.20

27.28

37.36

27.39

41.22

Vallibel Power Erathna Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															5.30	22.59	42.85	55.25	15.05

Vallibel Power Erathna ROCE % Calculation

Vallibel Power Erathna's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	1271.466	/	( ( (3751.07 - 99.404)	+	(2912.824 - 396.03) )	/ 2 )
	=	1271.466	/	( (3651.666	+	2516.794)	/ 2 )
	=	1271.466	/	3084.23
	=	41.22 %

Vallibel Power Erathna's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	497.952	/	( ( (4278.572 - 178.206)	+	(2912.824 - 396.03) )	/ 2 )
	=	497.952	/	( ( 4100.366	+	2516.794 )	/ 2 )
	=	497.952	/	3308.58
	=	15.05 %

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

Vallibel Power Erathna (COL:VPEL.N0000) 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.

Vallibel Power Erathna ROCE % Related Terms

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Vallibel Power Erathna (COL:VPEL.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Vallibel Power Erathna PLC (COL:VPEL.N0000) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 27-02, Echelon Square, East Tower, World Trade Center, Colombo, LKA, 01

Website

https://www.vallibel-hydro.com

Vallibel Power Erathna PLC is engaged in generating and selling of hydroelectric energy to the Ceylon Electricity Board. The company's segments include Erathna MHPP, Denawaka Ganga MHPP, and Kiriwaneliya MHPP. It derives majority of its revenue from the Denawaka Ganga MHPP segment. Denawaka Ganga MHPP project run-of-river mini hydro power project having the install capacity of 7.2 MW. The project is located near Durekkanda, in the Ratnapura Divisional secretariat of the Ratnapura District.

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