First Gen (PHS:FGENG.PFD) ROCE % : 12.73% (As of Mar. 2024)

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What is First Gen 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. First Gen's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.73%.

First Gen ROCE % Historical Data

The historical data trend for First Gen'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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First Gen ROCE % Chart

First Gen Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.51

12.77

11.13

12.16

13.38

First Gen 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															15.80	14.07	14.09	10.15	12.73

First Gen ROCE % Calculation

First Gen'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 )
	=	36364.46	/	( ( (316479.311 - 57565.739)	+	(360678.533 - 75900.149) )	/ 2 )
	=	36364.46	/	( (258913.572	+	284778.384)	/ 2 )
	=	36364.46	/	271845.978
	=	13.38 %

First Gen'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 )
	=	37680.8	/	( ( (360678.533 - 75900.149)	+	(378576.184 - 71577.769) )	/ 2 )
	=	37680.8	/	( ( 284778.384	+	306998.415 )	/ 2 )
	=	37680.8	/	295888.3995
	=	12.73 %

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

First Gen (PHS:FGENG.PFD) 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.

First Gen ROCE % Related Terms

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First Gen (PHS:FGENG.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » First Gen Corp (PHS:FGENG.PFD) » Definitions » ROCE %

Traded in Other Exchanges

FSGCY:USA FGEN:Philippines

Address

Ortigas Avenue, 6th Floor, Rockwell Business Center, Tower 3, Pasig, PHL, 1604

Website

https://www.firstgen.com.ph

First Gen Corporation is an independent electric utility company operating in the Philippines. First Gen develops, finances, builds, bids for, and operate power generation projects. The company generates a significant amount of Filipino energy needs through its portfolio of natural gas, wind, solar, hydro, and geothermal power plants located in the country. Most of the power generated by First Gen is produced through natural gas and geothermal fuel sources. It operates in six segments: FGPC, FGP, EDC and Subsidiaries, FG Hydro, FNPC, and Prime Meridian.

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