ENLAY (Enel SpA) ROCE % : 19.71% (As of Sep. 2024)

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What is Enel SpA 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. Enel SpA's annualized ROCE % for the quarter that ended in Sep. 2024 was 19.71%.

Enel SpA ROCE % Historical Data

The historical data trend for Enel SpA'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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Enel SpA ROCE % Chart

Enel SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.35

6.46

5.90

7.99

9.69

Enel SpA 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															19.43	0.41	16.22	6.76	19.71

Enel SpA ROCE % Calculation

Enel SpA'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 )
	=	14593.239	/	( ( (232917.373 - 80152.542)	+	(212894.22 - 64465.649) )	/ 2 )
	=	14593.239	/	( (152764.831	+	148428.571)	/ 2 )
	=	14593.239	/	150596.701
	=	9.69 %

Enel SpA'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 )
	=	30130.964	/	( ( (206952.637 - 55260.495)	+	(208586.016 - 54537.181) )	/ 2 )
	=	30130.964	/	( ( 151692.142	+	154048.835 )	/ 2 )
	=	30130.964	/	152870.4885
	=	19.71 %

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

Enel SpA (OTCPK:ENLAY) 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.

Enel SpA ROCE % Related Terms

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Enel SpA Business Description

Industry

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Traded in Other Exchanges

ESOCF:USA ENEL:Mexico ENEL:Italy 0TGA:UK ENELm:UK 0NRE:UK ENL:Germany ENEL:Austria

Address

Viale Regina Margherita, 137, Rome, ITA, 00198

Website

https://www.enel.com

Enel is a diversified energy company domiciled in Italy. Operations are concentrated in Italy, Spain, and Latin America. The firm's primary activities are electric generation, electric networks, and gas and electricity marketing. Around 35% of the company's EBITDA is derived from its regulated networks, the rest is from generation and supply. Enel is a giant in global power generation with 81 gigawatts of capacity, of which 55 GW is renewables, including a large share of hydro.