Alternergy Holdings (PHS:ALTER) ROCE % : 4.54% (As of Mar. 2024)

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What is Alternergy Holdings 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. Alternergy Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.54%.

Alternergy Holdings ROCE % Historical Data

The historical data trend for Alternergy Holdings'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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Alternergy Holdings ROCE % Chart

Alternergy Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Jun22

Jun23

ROCE %

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23.90

25.95

16.00

4.03

Alternergy Holdings Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Mar23	Jun23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial							2.74	4.27	6.46	3.21	4.54

Alternergy Holdings ROCE % Calculation

Alternergy Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	135.509	/	( ( (3448.547 - 969.422)	+	(4874.239 - 634.746) )	/ 2 )
	=	135.509	/	( (2479.125	+	4239.493)	/ 2 )
	=	135.509	/	3359.309
	=	4.03 %

Alternergy Holdings'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 )
	=	268.592	/	( ( (6390.632 - 631.124)	+	(6944.345 - 864.28) )	/ 2 )
	=	268.592	/	( ( 5759.508	+	6080.065 )	/ 2 )
	=	268.592	/	5919.7865
	=	4.54 %

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

Alternergy Holdings (PHS:ALTER) 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.

Alternergy Holdings ROCE % Related Terms

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Alternergy Holdings (PHS:ALTER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Alternergy Holdings Corp (PHS:ALTER) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Paseo de Roxas corner Legazpi Street, Level 3B, 111 Paseo de Roxas Building, Legazpi Village, Makati, PHL, 1229

Website

https://www.alternergy.com

Alternergy Holdings Corp is a renewable energy holding company. The company's segments include Wind Energy; Hydro Energy; Solar Energy and Retail Energy Supplier (RES). It generates maximum revenue from the Solar Energy segment. The Solar Energy segment includes Generation and supply of solar power to various customers under power supply contracts.

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