European Green Transition (LSE:EGT) ROCE % : -62.19% (As of Jun. 2024)

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What is European Green Transition 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. European Green Transition's annualized ROCE % for the quarter that ended in Jun. 2024 was -62.19%.

European Green Transition ROCE % Historical Data

The historical data trend for European Green Transition'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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European Green Transition ROCE % Chart

European Green Transition Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-23.25

-310.75

European Green Transition Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	-	-19.51	-12.12	-24.37	-62.19

European Green Transition ROCE % Calculation

European Green Transition'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 )
	=	-0.665	/	( ( (0.902 - 0.041)	+	(1.693 - 2.126) )	/ 2 )
	=	-0.665	/	( (0.861	+	-0.433)	/ 2 )
	=	-0.665	/	0.214
	=	-310.75 %

European Green Transition'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 )
	=	-1.808	/	( ( (1.693 - 2.126)	+	(6.667 - 0.42) )	/ 2 )
	=	-1.808	/	( ( -0.433	+	6.247 )	/ 2 )
	=	-1.808	/	2.907
	=	-62.19 %

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

European Green Transition (LSE:EGT) 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.

European Green Transition ROCE % Related Terms

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European Green Transition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » European Green Transition PLC (LSE:EGT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Walbrook Building, 25 Walbrook, London, GBR, EC4N 8AF

Website

https://www.europeangreentransition.com

European Green Transition PLC is focussed on building a pipeline of high-quality green economy assets in Europe. It aims to acquire high quality projects which are distressed, under-valued and capital restricted. EGT is to build a portfolio of green economy assets within a sustainable, profitable business, focused on generating returns and creating shareholder value.

European Green Transition Headlines

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