Greening Group Global (FRA:70I) ROCE % : 15.27% (As of Jun. 2024)

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What is Greening Group Global 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. Greening Group Global's annualized ROCE % for the quarter that ended in Jun. 2024 was 15.27%.

Greening Group Global ROCE % Historical Data

The historical data trend for Greening Group Global'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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Greening Group Global ROCE % Chart

Greening Group Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

8.33

48.80

35.01

25.49

Greening Group Global Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			42.42	32.94	18.70	22.72	15.27

Greening Group Global ROCE % Calculation

Greening Group Global'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 )
	=	7.87	/	( ( (32.948 - 17.595)	+	(112.8 - 66.396) )	/ 2 )
	=	7.87	/	( (15.353	+	46.404)	/ 2 )
	=	7.87	/	30.8785
	=	25.49 %

Greening Group Global's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	8.388	/	( ( (112.8 - 66.396)	+	(143.574 - 80.103) )	/ 2 )
	=	8.388	/	( ( 46.404	+	63.471 )	/ 2 )
	=	8.388	/	54.9375
	=	15.27 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Greening Group Global (FRA:70I) 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.

Greening Group Global ROCE % Related Terms

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Greening Group Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Greening Group Global SA (FRA:70I) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GGR:Spain 70I:Germany

Address

C/ Alcayata, 4. Poligono Industrial El Florio, Granada, ESP, 18015

Website

https://www.greening-group.com

Greening Group Global SA develops its operations in the design and construction of industrial facilities for renewable energy self-consumption, solar-powered water pumping, and the promotion of energy efficiency projects.

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