Audax Renovables (LTS:0EIB) ROCE % : 13.77% (As of Dec. 2024)

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What is Audax Renovables 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. Audax Renovables's annualized ROCE % for the quarter that ended in Dec. 2024 was 13.77%.

Audax Renovables ROCE % Historical Data

The historical data trend for Audax Renovables'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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Audax Renovables ROCE % Chart

Audax Renovables Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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9.47

3.71

5.80

10.43

16.44

Audax Renovables Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															7.12	9.16	12.35	17.42	13.77

Audax Renovables ROCE % Calculation

Audax Renovables's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	121.829	/	( ( (1295.173 - 548.882)	+	(1369.296 - 633.857) )	/ 2 )
	=	121.829	/	( (746.291	+	735.439)	/ 2 )
	=	121.829	/	740.865
	=	16.44 %

Audax Renovables's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	107.172	/	( ( (1266.347 - 445.724)	+	(1369.296 - 633.857) )	/ 2 )
	=	107.172	/	( ( 820.623	+	735.439 )	/ 2 )
	=	107.172	/	778.031
	=	13.77 %

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

Audax Renovables (LTS:0EIB) 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.

Audax Renovables ROCE % Related Terms

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Audax Renovables Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Audax Renovables SA (LTS:0EIB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ADX:Spain 54F:Germany

Address

Calle Electronica 19, Badalona, Barcelona, ESP, 08911

Website

https://www.audaxrenovables.com

Audax Renovables SA is engaged in the development of renewable energy for generating electricity. The company is mainly focused on developing wind energy. The group's projects are located in Spain, France, Panama, Germany, and Poland. The majority of the revenue is generated from Spain and Portugal.

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