Ceres Power Holdings (LSE:CWR) ROCE % : -11.79% (As of Jun. 2024)

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What is Ceres Power 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. Ceres Power Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was -11.79%.

Ceres Power Holdings ROCE % Historical Data

The historical data trend for Ceres Power 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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Ceres Power Holdings ROCE % Chart

Ceres Power Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-15.02

-11.22

-19.55

-24.99

Ceres Power Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-17.77	-21.31	-22.80	-27.00	-11.79

Ceres Power Holdings ROCE % Calculation

Ceres Power 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 )
	=	-53.173	/	( ( (259.507 - 20.11)	+	(206.372 - 20.193) )	/ 2 )
	=	-53.173	/	( (239.397	+	186.179)	/ 2 )
	=	-53.173	/	212.788
	=	-24.99 %

Ceres Power Holdings'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: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-21.29	/	( ( (206.372 - 20.193)	+	(197.652 - 22.814) )	/ 2 )
	=	-21.29	/	( ( 186.179	+	174.838 )	/ 2 )
	=	-21.29	/	180.5085
	=	-11.79 %

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

Ceres Power Holdings (LSE:CWR) 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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Ceres Power Holdings Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ceres Power Holdings PLC (LSE:CWR) » Definitions » ROCE %

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CRPHY:USA CPWHF:USA CWRl:UK CWR.GB:UK CFJA:Germany

Address

Foundry Lane, Viking House, Horsham, West Sussex, GBR, RH13 5PX

Website

https://www.cerespower.com

Ceres Power Holdings PLC is a UK- based technology solutions provider. It is one of the developers of fuel cell technology, which enables the production of clean & low-cost energy. Its SteelCell technology uses the existing infrastructure of mains natural gas & is manufactured using commodity materials, such as steel. It mainly caters to the automotive industry. Among its other markets are transportation, commercial, & light industrial sectors. The group established a leading technology position in solid oxide fuel cell (SOFC) power systems & develop solid oxide electrolysis (SOEC) to demonstrate it at a megawatt scale. The Company has identified two reporting segments, Power (SOFC) & Hydrogen (SOEC), the majority is from the Power (SOFC) segment. Geographically, the majority is from Asia.

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