eEnergy Group (LSE:EAAS) ROCE % : 9.67% (As of Jun. 2023)

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What is eEnergy Group 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. eEnergy Group's annualized ROCE % for the quarter that ended in Jun. 2023 was 9.67%.

eEnergy Group ROCE % Historical Data

The historical data trend for eEnergy Group'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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eEnergy Group ROCE % Chart

eEnergy Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Jun20

Jun21

Jun22

ROCE %

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-118.41

4.05

-10.84

eEnergy Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															16.00	-7.79	-10.88	3.38	9.67

eEnergy Group ROCE % Calculation

eEnergy Group's annualized ROCE % for the fiscal year that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	-2.427	/	( ( (21.119 - 8.684)	+	(49.693 - 17.355) )	/ 2 )
	=	-2.427	/	( (12.435	+	32.338)	/ 2 )
	=	-2.427	/	22.3865
	=	-10.84 %

eEnergy Group's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	3.122	/	( ( (52.961 - 17.36)	+	(56.07 - 27.09) )	/ 2 )
	=	3.122	/	( ( 35.601	+	28.98 )	/ 2 )
	=	3.122	/	32.2905
	=	9.67 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

eEnergy Group (LSE:EAAS) 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.

eEnergy Group ROCE % Related Terms

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eEnergy Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » eEnergy Group PLC (LSE:EAAS) » Definitions » ROCE %

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Address

20 St Thomas Street, London, GBR, SE1 9RS

Website

https://www.eenergyplc.com

eEnergy Group PLC is energy efficiency as a service company. The company is engaged in the energy efficiency business and focuses on providing Light-as-a-Service to commercial customers through eLight. Its product eLight helps businesses and schools switch to LED lighting for a fixed monthly service fee.

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