Valener (TSX:VNR.PR.A.PFD) ROCE % : -0.40% (As of Jun. 2019)

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What is Valener 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. Valener's annualized ROCE % for the quarter that ended in Jun. 2019 was -0.40%.

Valener ROCE % Historical Data

The historical data trend for Valener'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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Valener ROCE % Chart

Valener Annual Data

Trend

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

ROCE %

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6.06

6.36

8.90

8.20

7.34

Valener Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
ROCE %	Get a 7-Day Free Trial															1.01	-0.67	15.50	19.48	-0.40

Valener ROCE % Calculation

Valener's annualized ROCE % for the fiscal year that ended in Sep. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2018 )		(A: Sep. 2017 )		(A: Sep. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2018 )		(A: Sep. 2017 )		(A: Sep. 2018 )
	=	66.635	/	( ( (913.862 - 13.911)	+	(927.988 - 13.284) )	/ 2 )
	=	66.635	/	( (899.951	+	914.704)	/ 2 )
	=	66.635	/	907.3275
	=	7.34 %

Valener's ROCE % of for the quarter that ended in Jun. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2019 )		(Q: Mar. 2019 )		(Q: Jun. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2019 )		(Q: Mar. 2019 )		(Q: Jun. 2019 )
	=	-3.796	/	( ( (987.74 - 22.121)	+	(960.058 - 17.398) )	/ 2 )
	=	-3.796	/	( ( 965.619	+	942.66 )	/ 2 )
	=	-3.796	/	954.1395
	=	-0.40 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2019) EBIT data.

Valener (TSX:VNR.PR.A.PFD) 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.

Valener ROCE % Related Terms

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Valener (TSX:VNR.PR.A.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Valener Inc (TSX:VNR.PR.A.PFD) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

1717 du Havre Street, Montreal, QC, CAN, H2K 2X3

Website

http://www.valener.com

Valener Inc is an investment holding company engaged in the regulated energy business in the United States and Canada through Gaz Metro. Its core business operations involve natural gas distribution in Quebec and Vermont as well as electricity distribution in Vermont. The company through its subsidiaries holds the interest in wind farm business. It serves more than 200,000 customers in Quebec and over 310,000 customers in Vermont.

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