SIMEC Atlantis Energy (FRA:7K8) ROCE % : -6.21% (As of Jun. 2024)

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What is SIMEC Atlantis 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. SIMEC Atlantis Energy's annualized ROCE % for the quarter that ended in Jun. 2024 was -6.21%.

SIMEC Atlantis Energy ROCE % Historical Data

The historical data trend for SIMEC Atlantis 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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SIMEC Atlantis Energy ROCE % Chart

SIMEC Atlantis Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-20.66

-10.42

-67.08

-10.43

31.82

SIMEC Atlantis Energy Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-18.58	-1.82	21.33	46.75	-6.21

SIMEC Atlantis Energy ROCE % Calculation

SIMEC Atlantis 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 )
	=	31.577	/	( ( (97.354 - 26.174)	+	(149.663 - 22.352) )	/ 2 )
	=	31.577	/	( (71.18	+	127.311)	/ 2 )
	=	31.577	/	99.2455
	=	31.82 %

SIMEC Atlantis Energy'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 )
	=	-7.774	/	( ( (149.663 - 22.352)	+	(147.16 - 24.081) )	/ 2 )
	=	-7.774	/	( ( 127.311	+	123.079 )	/ 2 )
	=	-7.774	/	125.195
	=	-6.21 %

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

SIMEC Atlantis Energy (FRA:7K8) 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.

SIMEC Atlantis Energy ROCE % Related Terms

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SIMEC Atlantis Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SIMEC Atlantis Energy Ltd (FRA:7K8) » Definitions » ROCE %

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SMAYF:USA SAE:UK 7K8:Germany

Address

26 Dublin Street, Edinburgh, London, GBR, EH3 6NN

Website

https://www.saerenewables.com

SIMEC Atlantis Energy Ltd operates in the sustainable energy sector. It is engaged in the design, development, construction, conversion, installation, completion, testing, commissioning, operation, and maintenance of sustainable energy projects. The company's operating segment includes Power generation, Battery storage, and Project development. Maximum revenue is generated from its Battery storage segment which includes income from the firm's battery storage project portfolio. Its power generation and project development operations are entirely based in the United Kingdom.

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