Spruce Power Holding (STU:XLF0) ROCE % : -2.52% (As of Dec. 2023)

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What is Spruce Power Holding 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. Spruce Power Holding's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.52%.

Spruce Power Holding ROCE % Historical Data

The historical data trend for Spruce Power Holding'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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Spruce Power Holding ROCE % Chart

Spruce Power Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-32.76

15.25

-7.37

-2.55

Spruce Power Holding Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial												-8.76	-3.96	4.11	-7.48	-2.52

Spruce Power Holding ROCE % Calculation

Spruce Power Holding'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 )
	=	-18.845	/	( ( (780.265 - 56.354)	+	(820.734 - 65.76) )	/ 2 )
	=	-18.845	/	( (723.911	+	754.974)	/ 2 )
	=	-18.845	/	739.4425
	=	-2.55 %

Spruce Power Holding's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-19.684	/	( ( (880.891 - 76.607)	+	(820.734 - 65.76) )	/ 2 )
	=	-19.684	/	( ( 804.284	+	754.974 )	/ 2 )
	=	-19.684	/	779.629
	=	-2.52 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Spruce Power Holding (STU:XLF0) 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.

Spruce Power Holding ROCE % Related Terms

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Spruce Power Holding (STU:XLF0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Spruce Power Holding Corp (STU:XLF0) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SPRU:USA

Address

1875 Lawrence Street, Suite 320, Denver, CO, USA, 80202

Website

https://www.sprucepower.com

Spruce Power Holding Corp is a renewable-focused Power-as-a-Service company offering solar battery installation and maintenance services, It provides subscription-based services for homeowners and small businesses to own and maintain rooftop solar and battery storage. Its solutions offerings comprise Battery Bundles and System Expansion Options.

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