Renergen (JSE:REN) ROCE % : -7.13% (As of Feb. 2024)

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What is Renergen 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. Renergen's annualized ROCE % for the quarter that ended in Feb. 2024 was -7.13%.

Renergen ROCE % Historical Data

The historical data trend for Renergen'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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Renergen ROCE % Chart

Renergen Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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-15.12

-6.81

-4.14

-2.28

-6.47

Renergen Semi-Annual Data
	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
ROCE %	Get a 7-Day Free Trial											-2.69	-4.31	-0.57	-6.66	-7.13

Renergen ROCE % Calculation

Renergen's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	-124.244	/	( ( (1900.881 - 200.354)	+	(2709.127 - 571.557) )	/ 2 )
	=	-124.244	/	( (1700.527	+	2137.57)	/ 2 )
	=	-124.244	/	1919.0485
	=	-6.47 %

Renergen's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	-135.984	/	( ( (2185.656 - 506.956)	+	(2709.127 - 571.557) )	/ 2 )
	=	-135.984	/	( ( 1678.7	+	2137.57 )	/ 2 )
	=	-135.984	/	1908.135
	=	-7.13 %

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

Renergen (JSE:REN) 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.

Renergen ROCE % Related Terms

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Renergen (JSE:REN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Renergen Ltd (JSE:REN) » Definitions » ROCE %

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RGNNF:USA 9960:Germany RLT:Australia

Address

1 Bompas Road, First Floor, Dunkeld West, Johannesburg, ZAF, 2196

Website

https://www.renergen.co.za

Renergen Ltd is an investment holding company focused on the alternative and renewable energy sectors in South Africa and sub-Saharan Africa. It has two reportable segments namely Corporate Head office where all investment decisions are made; and Tetra4 Proprietary Ltd which explores, develops, and sells compressed natural gas to the South African market.