Citicore Renewable Energy (PHS:CREC) ROCE % : 4.51% (As of Sep. 2024)

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What is Citicore Renewable Energy 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. Citicore Renewable Energy's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.51%.

Citicore Renewable Energy ROCE % Historical Data

The historical data trend for Citicore Renewable Energy'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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Citicore Renewable Energy ROCE % Chart

Citicore Renewable Energy Annual Data

Trend

ROCE %

Citicore Renewable Energy Quarterly Data
	Jun23	Sep23	Jun24	Sep24
ROCE %	-	-	3.93	4.51

Citicore Renewable Energy ROCE % Calculation

Citicore Renewable Energy's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Citicore Renewable Energy's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	1676.896	/	( ( (39047.921 - 1888.32)	+	(39086.464 - 1912.994) )	/ 2 )
	=	1676.896	/	( ( 37159.601	+	37173.47 )	/ 2 )
	=	1676.896	/	37166.5355
	=	4.51 %

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

Citicore Renewable Energy (PHS:CREC) 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.

Citicore Renewable Energy ROCE % Related Terms

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Citicore Renewable Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Citicore Renewable Energy Corp (PHS:CREC) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Santolan Road, Little Baguio, 11th Floor, Rockwell Santolan Town Plaza, San Juan, LUN, PHL

Website

https://www.crec.com.ph

Citicore Renewable Energy Corp is a company that is pure renewable energy developer and operator of solar, run-of-river hydro, and off-shore wind energy platforms in the country. Its renewable energy portfolio consists entirely of operating solar power plants. It also has over five Gigawatts of project pipelines in varying stages of development.

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