KEN (Kenon Holdings) ROCE % : 11.86% (As of Sep. 2024)

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What is Kenon Holdings 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. Kenon Holdings's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.86%.

Kenon Holdings ROCE % Historical Data

The historical data trend for Kenon Holdings'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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Kenon Holdings ROCE % Chart

Kenon Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.22

28.70

31.87

12.14

-3.64

Kenon Holdings 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															-17.28	1.70	4.16	15.24	11.86

Kenon Holdings ROCE % Calculation

Kenon Holdings'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 )
	=	-133.443	/	( ( (3772.06 - 192.978)	+	(4108.44 - 358.799) )	/ 2 )
	=	-133.443	/	( (3579.082	+	3749.641)	/ 2 )
	=	-133.443	/	3664.3615
	=	-3.64 %

Kenon Holdings'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 )
	=	448	/	( ( (3994 - 308)	+	(4111 - 241) )	/ 2 )
	=	448	/	( ( 3686	+	3870 )	/ 2 )
	=	448	/	3778
	=	11.86 %

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

Kenon Holdings (NYSE:KEN) 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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Kenon Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Kenon Holdings Ltd (NYSE:KEN) » Definitions » ROCE %

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KEN:Israel 76N:Germany

Address

1 Temasek Avenue, No. 37-02B, Millenia Tower, Singapore, SGP, 039192

Website

https://www.kenon-holdings.com

Kenon Holdings Ltd is a holding company that operates dynamic, growth-oriented, businesses. The company's operating segments include OPC; CPV Group; and ZIM. It generates maximum revenue from the OPC segment. OPC operates in the Israeli electricity generation sector, including initiating, developing, constructing, and operating power plants and selling and supplying electricity. Geographically, it derives a majority of its revenue from Israel.