Summit Power (DHA:SUMITPOWER) ROCE % : -2.46% (As of Jun. 2023)

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What is Summit Power 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. Summit Power's annualized ROCE % for the quarter that ended in Jun. 2023 was -2.46%.

Summit Power ROCE % Historical Data

The historical data trend for Summit Power'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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Summit Power ROCE % Chart

Summit Power Annual Data

Trend

Dec14

Dec15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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17.48

16.67

14.99

12.16

6.41

Summit Power Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															12.85	11.43	11.29	4.32	-2.46

Summit Power ROCE % Calculation

Summit Power's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	4536.047	/	( ( (103387.795 - 34147.071)	+	(110122.916 - 37776.695) )	/ 2 )
	=	4536.047	/	( (69240.724	+	72346.221)	/ 2 )
	=	4536.047	/	70793.4725
	=	6.41 %

Summit Power's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	-1790.848	/	( ( (111265.703 - 38065.894)	+	(110122.916 - 37776.695) )	/ 2 )
	=	-1790.848	/	( ( 73199.809	+	72346.221 )	/ 2 )
	=	-1790.848	/	72773.015
	=	-2.46 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

Summit Power (DHA:SUMITPOWER) 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.

Summit Power ROCE % Related Terms

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Summit Power (DHA:SUMITPOWER) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Summit Power Ltd (DHA:SUMITPOWER) » Definitions » ROCE %

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Address

Karwan Bazar C/A, Summit Centre, 18, Dhaka, BGD, 1215

Website

https://www.summitpower.org

Summit Power Ltd is engaged in the generation and supply of electricity. It focuses on developing, owning, and operating power generating assets. It owns and operates 15 power plants at different locations in Bangladesh with a total Installed capacity of 975.96 MW. The company supplies electricity to Bangladesh Power Development Board and Bangladesh Rural Electrification Board.

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