ENPH (Enphase Energy) ROCE % : 7.95% (As of Sep. 2024)

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What is Enphase 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. Enphase Energy's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.95%.

Enphase Energy ROCE % Historical Data

The historical data trend for Enphase 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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Enphase Energy ROCE % Chart

Enphase Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.25

23.80

14.41

22.59

19.71

Enphase Energy 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															20.29	2.06	-1.35	2.02	7.95

Enphase Energy ROCE % Calculation

Enphase Energy'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 )
	=	521.978	/	( ( (3084.28 - 638.219)	+	(3383.012 - 532.449) )	/ 2 )
	=	521.978	/	( (2446.061	+	2850.563)	/ 2 )
	=	521.978	/	2648.312
	=	19.71 %

Enphase Energy'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 )
	=	211.92	/	( ( (3166.576 - 529.632)	+	(3264.191 - 567.478) )	/ 2 )
	=	211.92	/	( ( 2636.944	+	2696.713 )	/ 2 )
	=	211.92	/	2666.8285
	=	7.95 %

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

Enphase Energy (NAS:ENPH) 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.

Enphase Energy ROCE % Related Terms

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Enphase Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Enphase Energy Inc (NAS:ENPH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ENPH:Mexico 0QYE:UK E0P:Germany ENPH:Austria

Address

47281 Bayside Parkway, Fremont, CA, USA, 94538

Website

https://www.enphase.com

Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.

Executives

Badrinarayanan Kothandaraman	officer: President & CEO	ENPHASE ENERGY INC., 1420 NORTH MCDOWELL BLVD, PETALUMA CA 94954
David A Ranhoff	officer: VP & Chief Commercial Officer	MEMC ELECTRONIC MATERIALS, 501 PEARL DRIVE, ST. PETERS MO 63366
Thurman J Rodgers	director	535 EASTVIEW WAY, WOODSIDE CA 94062
Mandy Yang	officer: Chief Accounting Officer	C/O ENPHASE ENERGY, INC., 47281 BAYSIDE PARKWAY, FREMONT CA 94538
Steven J Gomo	director	495 E. JAVA DRIVE, SUNNYVALE CA 94089
Richard Mora	director	C/O LANDIS+GYR, 30000 MILL CREEK AVE, SUITE 3022, ALPHARETTA GA 30022
Jeff Mcneil	officer: Chief Operating Officer	47281 BAYSIDE PARKWAY, FREMONT CA 94538
Joseph Ian Malchow	director	C/O ENPHASE ENERGY, 47281 BAYSIDE PARKWAY, FREMONT CA 94538
Benjamin John Kortlang	director, 10 percent owner	2750 SAND HILL ROAD, MENLO PARK CA 94025
Eric Branderiz	officer: VP & Chief Financial Officer	915 DEGUIGNE DRIVE, PO BOX 3453, SUNNYVALE CA 94088-3453
Jamie Elizabeth Haenggi	director	1501 YAMATO ROAD, BOCA RATON FL 33431
Moreno Isidoro Quiroga	10 percent owner	VENIDA PRESIDENTE RIESCO 5711 OFICINA 16, LAS CONDES, SANTIAGO F3 7550000
South Lake One Llc	10 percent owner	250 WEST 55TH STREET, NEW YORK NY 10019
John Howard Weber	director	600 CORPORATION DRIVE, PENDLETON IN 46064
Humberto Garcia	officer: VP and CFO	1420 N. MCDOWELL BLVD., PETALUMA CA 94954