Ennogie Solar Group AS (FRA:B0W) ROCE % : -8.96% (As of Sep. 2024)

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What is Ennogie Solar Group AS 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. Ennogie Solar Group AS's annualized ROCE % for the quarter that ended in Sep. 2024 was -8.96%.

Ennogie Solar Group AS ROCE % Historical Data

The historical data trend for Ennogie Solar Group AS'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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Ennogie Solar Group AS ROCE % Chart

Ennogie Solar Group AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.15

-1.01

-192.44

-39.52

-17.08

Ennogie Solar Group AS 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															0.32	1.43	-56.59	-32.47	-8.96

Ennogie Solar Group AS ROCE % Calculation

Ennogie Solar Group AS'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 )
	=	-0.925	/	( ( (7.696 - 3.204)	+	(9.82 - 3.483) )	/ 2 )
	=	-0.925	/	( (4.492	+	6.337)	/ 2 )
	=	-0.925	/	5.4145
	=	-17.08 %

Ennogie Solar Group AS'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 )
	=	-0.4	/	( ( (7.578 - 2.97)	+	(7.689 - 3.373) )	/ 2 )
	=	-0.4	/	( ( 4.608	+	4.316 )	/ 2 )
	=	-0.4	/	4.462
	=	-8.96 %

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

Ennogie Solar Group AS (FRA:B0W) 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.

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Ennogie Solar Group AS Business Description

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ESG:Denmark

Address

Orebygardvej 16, Herning, DNK, 7400

Website

https://www.ennogiesolargroup.com

Ennogie Solar Group AS is a developer and manufacturer of building-integrated solar roofs. The design of the Ennogie solar roof matches well both for new constructions and older buildings.

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