TAURON Polska Energia (TAURON Polska Energia) ROCE % : -5.85% (As of Dec. 2023)

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What is TAURON Polska Energia 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. TAURON Polska Energia's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.85%.

TAURON Polska Energia ROCE % Historical Data

The historical data trend for TAURON Polska Energia'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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TAURON Polska Energia ROCE % Chart

TAURON Polska Energia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.56

-5.59

4.78

2.27

8.90

TAURON Polska Energia Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-3.37	17.87	14.83	7.41	-5.85

TAURON Polska Energia ROCE % Calculation

TAURON Polska Energia'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 )
	=	773.06	/	( ( (11143.467 - 2506.788)	+	(12244.536 - 3508.52) )	/ 2 )
	=	773.06	/	( (8636.679	+	8736.016)	/ 2 )
	=	773.06	/	8686.3475
	=	8.90 %

TAURON Polska Energia'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 )
	=	-514.388	/	( ( (12023.24 - 3171.413)	+	(12244.536 - 3508.52) )	/ 2 )
	=	-514.388	/	( ( 8851.827	+	8736.016 )	/ 2 )
	=	-514.388	/	8793.9215
	=	-5.85 %

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

TAURON Polska Energia (OTCPK:TNPGY) 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.

TAURON Polska Energia ROCE % Related Terms

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TAURON Polska Energia (TAURON Polska Energia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » TAURON Polska Energia SA (OTCPK:TNPGY) » Definitions » ROCE %

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Traded in Other Exchanges

TPE:Poland 0N2X:UK 1T5:Germany

Address

ul. ks. Piotra Sciegiennego 3, Katowice, POL, 40-114

Website

https://www.tauron.pl

TAURON Polska Energia SA is a Polish joint stock company that operates and has ownership stakes in the energy industry in Eastern and Northern Europe. TAURON Polska Energia is, cumulatively, involved in the production, distribution, and sale of energy and fuel inputs. The company segments its operations into Mining, Generation, Distribution, and Sales. In its Generation division, TAURON Polska Energia operates a portfolio of biomass, coal, gas, and hydro power plants mainly in Poland. Most of its total energy production comes from its conventional, thermal facilities. The company generates the majority of its revenue from the sale of electricity and heat out of its Sales unit. Distribution service revenue and sales made by the Generation division are also significant.

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