United Renewable Energy Co (LUX:NSPR1) ROCE % : -3.88% (As of Mar. 2024)

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What is United Renewable Energy Co 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. United Renewable Energy Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.88%.

United Renewable Energy Co ROCE % Historical Data

The historical data trend for United Renewable Energy Co'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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United Renewable Energy Co ROCE % Chart

United Renewable Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-13.81

-18.98

-4.31

4.74

-14.57

United Renewable Energy Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															1.85	-5.00	-20.05	-34.61	-3.88

United Renewable Energy Co ROCE % Calculation

United Renewable Energy Co'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 )
	=	-106.933	/	( ( (1117.459 - 272.283)	+	(919.632 - 296.871) )	/ 2 )
	=	-106.933	/	( (845.176	+	622.761)	/ 2 )
	=	-106.933	/	733.9685
	=	-14.57 %

United Renewable Energy Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-24.372	/	( ( (919.632 - 296.871)	+	(954.341 - 321.407) )	/ 2 )
	=	-24.372	/	( ( 622.761	+	632.934 )	/ 2 )
	=	-24.372	/	627.8475
	=	-3.88 %

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

United Renewable Energy Co (LUX:NSPR1) 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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United Renewable Energy Co (LUX:NSPR1) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » United Renewable Energy Co Ltd (LUX:NSPR1) » Definitions » ROCE %

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3576:Taiwan

Address

No. 7, Lixing 3rd Road, Hsinchu Science Park, Hsinchu, TWN, 30078

Website

https://www.urecorp.com

United Renewable Energy Co Ltd manufactures solar cells and modules. The company's solar cell offerings provide specified reverse current, shunt resistance, minimum power loss rate, low breakage rates, and several other benefits. Its modules are built to meet various international certifications, in addition to many different conditions. Bifacial solar cell products are built to take advantage of both vertical and horizontal installations and can be utilized in adverse environments. The company produces other lines of solar cell products that can take advantage of more residential or commercial applications and deliver customized solutions.

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