Altus Power (STU:8770) ROCE % : 4.97% (As of Mar. 2024)

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What is Altus Power 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. Altus Power's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.97%.

Altus Power ROCE % Historical Data

The historical data trend for Altus Power'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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Altus Power ROCE % Chart

Altus Power Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

2.28

4.21

6.50

1.25

Altus Power Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									4.77	3.24	3.40	-5.05	4.97

Altus Power ROCE % Calculation

Altus Power'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 )
	=	19.101	/	( ( (1299.782 - 64.407)	+	(1916.85 - 97.67) )	/ 2 )
	=	19.101	/	( (1235.375	+	1819.18)	/ 2 )
	=	19.101	/	1527.2775
	=	1.25 %

Altus Power'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 )
	=	92.528	/	( ( (1916.85 - 97.67)	+	(2040.998 - 134.398) )	/ 2 )
	=	92.528	/	( ( 1819.18	+	1906.6 )	/ 2 )
	=	92.528	/	1862.89
	=	4.97 %

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

Altus Power (STU:8770) 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.

Altus Power ROCE % Related Terms

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Altus Power (STU:8770) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Altus Power Inc (STU:8770) » Definitions » ROCE %

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AMPS:USA

Address

2200 Atlantic Street, 6th Floor, Stamford, CT, USA, 06902

Website

https://www.altuspower.com

Altus Power Inc is a renewable energy generation company focused on the commercial and industrial, public sector, and community solar customers. It operates as a developer, owner and operator of large-scale roof, ground and carport-based photovoltaic and energy storage systems, as well as electric vehicle charging facilities.

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