SP New Energy (PHS:SPNEC) ROCE % : 1.81% (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is SP New 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. SP New Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.81%.

SP New Energy ROCE % Historical Data

The historical data trend for SP New 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.

* Premium members only.

SP New Energy ROCE % Chart

SP New Energy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Jun22

Dec23

ROCE %

Get a 7-Day Free Trial

-43.09

-12.85

-142.09

12.35

SP New Energy Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									-1.31	-1.46	3.96	67.86	1.81

SP New Energy ROCE % Calculation

SP New Energy'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: Jun. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Jun. 2022 )		(A: Dec. 2023 )
	=	6138.763	/	( ( (0 - 0)	+	(51182.814 - 1466.879) )	/ 1 )
	=	6138.763	/	( (0	+	49715.935)	/ 1 )
	=	6138.763	/	49715.935
	=	12.35 %

SP New Energy'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 )
	=	899.408	/	( ( (51182.814 - 1466.879)	+	(51301.233 - 1544.136) )	/ 2 )
	=	899.408	/	( ( 49715.935	+	49757.097 )	/ 2 )
	=	899.408	/	49736.516
	=	1.81 %

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

SP New Energy (PHS:SPNEC) 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.

SP New Energy ROCE % Related Terms

Thank you for viewing the detailed overview of SP New Energy's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

SP New Energy (PHS:SPNEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SP New Energy Corp (PHS:SPNEC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

112 Legaspi Street, Legaspi Village, Brgy. San Lorenzo, Makati, PHL, 1229

Website

https://www.spnec.ph

SP New Energy Corp is a renewable energy power generation company. The primary purpose is to construct, erect, assemble, commission, operate, and maintain power-generating plants, warehouses, terminals, and related facilities for the conversion of renewable energy into a usable form fit for electricity generation and distribution.

SP New Energy (PHS:SPNEC) Headlines

No Headlines