GreenEnergy (TSE:1436) ROCE % : 1.81% (As of Jan. 2024)

View and export this data going back to 2016. Start your Free Trial

What is GreenEnergy 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. GreenEnergy's annualized ROCE % for the quarter that ended in Jan. 2024 was 1.81%.

GreenEnergy ROCE % Historical Data

The historical data trend for GreenEnergy'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.

* Premium members only.

GreenEnergy ROCE % Chart

GreenEnergy Annual Data

Trend

Mar15

Mar16

Mar17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

Get a 7-Day Free Trial

-6.58

2.64

3.69

7.59

7.72

GreenEnergy Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															2.60	11.47	2.41	10.04	1.81

GreenEnergy ROCE % Calculation

GreenEnergy's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	539.166	/	( ( (10715.733 - 3633.993)	+	(10302.784 - 3410.178) )	/ 2 )
	=	539.166	/	( (7081.74	+	6892.606)	/ 2 )
	=	539.166	/	6987.173
	=	7.72 %

GreenEnergy's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	123.092	/	( ( (9840.895 - 3082.971)	+	(10300.765 - 3447.544) )	/ 2 )
	=	123.092	/	( ( 6757.924	+	6853.221 )	/ 2 )
	=	123.092	/	6805.5725
	=	1.81 %

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

GreenEnergy (TSE:1436) 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.

GreenEnergy ROCE % Related Terms

Thank you for viewing the detailed overview of GreenEnergy's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

GreenEnergy (TSE:1436) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » GreenEnergy & Co (TSE:1436) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

28-13 Shibuya 3-chome Shibuya-ku, Shibuya Shinagami Building, 2th floor, Tokyo, JPN, 150-0002

Website

https://www.fit-group.jp

Fit Corporation is engaged in development and operation of renewable energy systems, planning, design and construction and sale of standard housing and condominiums, and runs a chain style business providing services to investment point of contact FC merchants. Its clean energy business includes solar power generation, wind power, construction and management of biomass power generation facilities, development and operation of other clean energy systems.

GreenEnergy (TSE:1436) Headlines

No Headlines