CEZ AS (STU:CEZ) ROCE % : 13.03% (As of Sep. 2024)

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What is CEZ AS 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. CEZ AS's annualized ROCE % for the quarter that ended in Sep. 2024 was 13.03%.

CEZ AS ROCE % Historical Data

The historical data trend for CEZ AS'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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CEZ AS ROCE % Chart

CEZ AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.15

2.94

4.84

23.25

15.47

CEZ AS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															15.85	12.80	21.07	14.45	13.03

CEZ AS ROCE % Calculation

CEZ AS'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 )
	=	3783.769	/	( ( (45615.791 - 20900.022)	+	(33740.487 - 9547.23) )	/ 2 )
	=	3783.769	/	( (24715.769	+	24193.257)	/ 2 )
	=	3783.769	/	24454.513
	=	15.47 %

CEZ AS'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 )
	=	3266.64	/	( ( (31023.243 - 8309.882)	+	(34553.433 - 7119.327) )	/ 2 )
	=	3266.64	/	( ( 22713.361	+	27434.106 )	/ 2 )
	=	3266.64	/	25073.7335
	=	13.03 %

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

CEZ AS (STU:CEZ) 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.

CEZ AS ROCE % Related Terms

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CEZ AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » CEZ AS (STU:CEZ) » Definitions » ROCE %

Comparable Companies

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CEZ:Poland CEZ:Czech Republic

Address

Duhova 2/1444, Prague 4, CZE, 140 53

Website

https://www.cez.cz

CEZ AS is a Czech energy company of which the government of the Czech Republic is the majority shareholder. The core business of the company is the generation, distribution, trade, and sale of electricity and heat. With its subsidiaries, the company operates a portfolio of both conventional and renewable energy power plants. Total energy production is mainly split between facilities utilizing thermal and nuclear inputs. CEZ segments comprise Generation; Distribution; Sales and Mining. The majority of its revenue is derived from the Generation segment.

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