EAM Solar AS (FRA:EA2) ROCE % : -28.27% (As of Jun. 2024)

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What is EAM Solar 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. EAM Solar AS's annualized ROCE % for the quarter that ended in Jun. 2024 was -28.27%.

EAM Solar AS ROCE % Historical Data

The historical data trend for EAM Solar 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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EAM Solar AS ROCE % Chart

EAM Solar AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.46

0.82

-26.95

-18.95

-9.56

EAM Solar AS Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-17.28	-6.21	-17.99	23.71	-28.27

EAM Solar AS ROCE % Calculation

EAM Solar 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 )
	=	-0.684	/	( ( (10.659 - 2.305)	+	(8.453 - 2.49) )	/ 2 )
	=	-0.684	/	( (8.354	+	5.963)	/ 2 )
	=	-0.684	/	7.1585
	=	-9.56 %

EAM Solar AS'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: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-1.504	/	( ( (8.141 - 2.532)	+	(8.058 - 3.028) )	/ 2 )
	=	-1.504	/	( ( 5.609	+	5.03 )	/ 2 )
	=	-1.504	/	5.3195
	=	-28.27 %

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

EAM Solar AS (FRA:EA2) 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.

EAM Solar AS ROCE % Related Terms

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EAM Solar AS Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » EAM Solar AS (FRA:EA2) » Definitions » ROCE %

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EAM:Norway 0QDW:UK

Address

Bryggetorget 7, Oslo, NOR, 0250

Website

https://www.eamsolar.no

EAM Solar ASA is an Investment company that acquires and operates solar power plants for long-term ownership. The company is mainly active in Italy and operates four solar power plants which generate electricity. The solar power plants operated by the company are Lorusso, Brundesini, Scardino, and ENFO 25.

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