Engie (MIL:1ENGI) ROCE % : 8.10% (As of Jun. 2024)

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What is Engie 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. Engie's annualized ROCE % for the quarter that ended in Jun. 2024 was 8.10%.

Engie ROCE % Historical Data

The historical data trend for Engie'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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Engie ROCE % Chart

Engie Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.28

1.43

6.08

-0.07

4.93

Engie Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															10.79	-10.51	2.90	8.01	8.10

Engie ROCE % Calculation

Engie'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 )
	=	6417	/	( ( (235490 - 93778)	+	(194640 - 76027) )	/ 2 )
	=	6417	/	( (141712	+	118613)	/ 2 )
	=	6417	/	130162.5
	=	4.93 %

Engie'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 )
	=	9464	/	( ( (194640 - 76027)	+	(197319 - 82282) )	/ 2 )
	=	9464	/	( ( 118613	+	115037 )	/ 2 )
	=	9464	/	116825
	=	8.10 %

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

Engie (MIL:1ENGI) 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.

Engie ROCE % Related Terms

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Engie Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Engie SA (MIL:1ENGI) » Definitions » ROCE %

Comparable Companies

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ENGQF:USA ENGIY:USA ENGIp:UK 0LD0:UK ENGI:France GZF:Germany ENGI:Austria

Address

1, Place Samuel de Champlain, Courbevoie, FRA, 92400

Website

https://www.engie.com

Engie is a global energy firm formed by the 2008 merger of Gaz de France and Suez and the acquisition of International Power in 2012. It changed its name to Engie from GDF Suez in 2015. The company operates Europe's largest gas pipeline network in France and a global fleet of conventional and renewable power plants with 64 gigawatts of capacity on a consolidated basis. Engie also operates a diverse suite of other energy businesses.

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