ERG SpA (FRA:ER9) ROCE % : 3.45% (As of Sep. 2024)

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What is ERG SpA 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. ERG SpA's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.45%.

ERG SpA ROCE % Historical Data

The historical data trend for ERG SpA'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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ERG SpA ROCE % Chart

ERG SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.47

2.45

3.75

5.34

7.37

ERG SpA 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															4.77	12.51	17.24	10.96	3.45

ERG SpA ROCE % Calculation

ERG SpA'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 )
	=	339.24	/	( ( (5226.385 - 809.406)	+	(5199.295 - 413.451) )	/ 2 )
	=	339.24	/	( (4416.979	+	4785.844)	/ 2 )
	=	339.24	/	4601.4115
	=	7.37 %

ERG SpA'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 )
	=	176	/	( ( (5755.008 - 904.866)	+	(5997 - 632) )	/ 2 )
	=	176	/	( ( 4850.142	+	5365 )	/ 2 )
	=	176	/	5107.571
	=	3.45 %

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

ERG SpA (FRA:ER9) 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.

ERG SpA ROCE % Related Terms

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ERG SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » ERG SpA (FRA:ER9) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ERG:Italy ERGm:UK 0MHC:UK ER9:Germany

Address

Via De Marini, 1, Torre WTC, Genoa, ITA, 16149

Website

https://www.erg.eu

ERG SpA produces electricity from clean, renewable, and sustainable sources. Its energy comes from the combination of natural resources such as wind and sun. The company produces wind power, and electricity as a hydroelectric operator to markets across Europe. Electricity is also generated from natural gas operations located in Italy. ERG's wind power production is handled by subsidiary ENG Renew which focuses on developing, building, and operating wind assets. Hydropower and natural gas operations are split off into ERG Power Generation. The company's hydro assets include plants, dams, reservoirs, and a pumping station. Electricity from the plant is either fed into Italy's national grid or used to power other industrial plants.

ERG SpA Headlines

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