Altea Green Power SpA (STU:Q51) ROCE % : 80.82% (As of Dec. 2024)

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What is Altea Green Power SpA 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. Altea Green Power SpA's annualized ROCE % for the quarter that ended in Dec. 2024 was 80.82%.

Altea Green Power SpA ROCE % Historical Data

The historical data trend for Altea Green Power SpA'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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Altea Green Power SpA ROCE % Chart

Altea Green Power SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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116.39

-340.37

0.56

41.72

71.09

Altea Green Power SpA Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial						78.48	64.43	20.16	66.60	80.82

Altea Green Power SpA ROCE % Calculation

Altea Green Power SpA's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	21.75	/	( ( (38.215 - 17.036)	+	(68.858 - 28.843) )	/ 2 )
	=	21.75	/	( (21.179	+	40.015)	/ 2 )
	=	21.75	/	30.597
	=	71.09 %

Altea Green Power SpA's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	27.128	/	( ( (49.985 - 22.864)	+	(68.858 - 28.843) )	/ 2 )
	=	27.128	/	( ( 27.121	+	40.015 )	/ 2 )
	=	27.128	/	33.568
	=	80.82 %

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

Altea Green Power SpA (STU:Q51) 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.

Altea Green Power SpA ROCE % Related Terms

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Altea Green Power SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Altea Green Power SpA (STU:Q51) » Definitions » ROCE %

Traded in Other Exchanges

AGP:Italy

Address

Via Pavia 11/B, Rivoli, ITA

Website

https://www.alteagreenpower.it

Altea Green Power SpA provides systems to produce energy from renewable sources while respecting the environment and improving energy efficiency by reducing energy consumption. It offers assistance in the design, construction, maintenance, and management phases for photovoltaic systems, wind turbines, cogeneration systems, biomass-fueled systems. The Group specializes in the installation of plants and production of energy from renewable sources, the construction of power plants and cogeneration plants, electricity and thermal power distribution networks, and co-development activities of renewable energy production and storage plants.

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