Algonquin Power & Utilities (FRA:751) ROCE % : 3.14% (As of Dec. 2024)

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What is Algonquin Power & Utilities 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. Algonquin Power & Utilities's annualized ROCE % for the quarter that ended in Dec. 2024 was 3.14%.

Algonquin Power & Utilities ROCE % Historical Data

The historical data trend for Algonquin Power & Utilities'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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Algonquin Power & Utilities ROCE % Chart

Algonquin Power & Utilities Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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8.37

2.76

-0.50

1.60

3.60

Algonquin Power & Utilities Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															6.32	-0.60	6.11	3.20	3.14

Algonquin Power & Utilities ROCE % Calculation

Algonquin Power & Utilities's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	541.013	/	( ( (16848.922 - 1545.31)	+	(16198.478 - 1430.027) )	/ 2 )
	=	541.013	/	( (15303.612	+	14768.451)	/ 2 )
	=	541.013	/	15036.0315
	=	3.60 %

Algonquin Power & Utilities's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	466.18	/	( ( (16027.569 - 1074.336)	+	(16198.478 - 1430.027) )	/ 2 )
	=	466.18	/	( ( 14953.233	+	14768.451 )	/ 2 )
	=	466.18	/	14860.842
	=	3.14 %

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

Algonquin Power & Utilities (FRA:751) 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.

Algonquin Power & Utilities ROCE % Related Terms

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Algonquin Power & Utilities Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Algonquin Power & Utilities Corp (FRA:751) » Definitions » ROCE %

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Address

354 Davis Road, Suite 100, Oakville, ON, CAN, L6J 2X1

Website

https://www.algonquinpower.com

Algonquin Power & Utilities Corp is a Canada-based diversified international generation, transmission, and distribution company. The company's operations are organized across two business units consisting of the Regulated Services Group, which owns and operates a portfolio of regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations in the United States, Canada, Bermuda, and Chile; and the Hydro Group, which consists of hydroelectric-generating facilities located in Canada. It generates the majority of its revenue from the Regulated Services Group segment.

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