Ina Energy (ROCO:6987) ROCE % : 4.38% (As of Jun. 2024)

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What is Ina 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. Ina Energy's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.38%.

Ina Energy ROCE % Historical Data

The historical data trend for Ina 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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Ina Energy ROCE % Chart

Ina Energy Annual Data

Trend

Dec22

Dec23

ROCE %

2.05

2.88

Ina Energy Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
ROCE %	-	3.35	2.48	4.38

Ina Energy ROCE % Calculation

Ina 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: 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 )
	=	184.352	/	( ( (9390.385 - 3554.474)	+	(13097.99 - 6110.818) )	/ 2 )
	=	184.352	/	( (5835.911	+	6987.172)	/ 2 )
	=	184.352	/	6411.5415
	=	2.88 %

Ina Energy'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 )
	=	344.802	/	( ( (13097.99 - 6110.818)	+	(14081.137 - 5321.651) )	/ 2 )
	=	344.802	/	( ( 6987.172	+	8759.486 )	/ 2 )
	=	344.802	/	7873.329
	=	4.38 %

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

Ina Energy (ROCO:6987) 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.

Ina Energy ROCE % Related Terms

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Ina Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Ina Energy Corp (ROCO:6987) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 463, Xingshan Road, 114, 8th Floor, Neihu District, Taipei, TWN

Website

https://www.inaenergy.com.tw

Ina Energy Corp is focused on the development and construction of solar power plants. It combines the professional strength of all parties - from the development, design, procurement, and construction to subsequent operation and maintenance of the project site, it all adheres to the coexistence with the land. As a professional renewable energy service provider, It has become the most trustworthy partner for enterprises in achieving short, medium and long-term carbon reduction goals with its rich practical experience.

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