NU E Power (XCNQ:NUE) ROCE % : -968.42% (As of Jun. 2024)

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What is NU E Power 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. NU E Power's annualized ROCE % for the quarter that ended in Jun. 2024 was -968.42%.

NU E Power ROCE % Historical Data

The historical data trend for NU E Power'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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NU E Power ROCE % Chart

NU E Power Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-14.25

-49.90

-417.73

NU E Power Quarterly Data
	Dec21	Dec22	Jun23	Dec23	Jun24
ROCE %	-	-	-150.29	-4,738.27	-968.42

NU E Power ROCE % Calculation

NU E Power'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 )
	=	-8.881	/	( ( (4.01 - 0.393)	+	(1.52 - 0.885) )	/ 2 )
	=	-8.881	/	( (3.617	+	0.635)	/ 2 )
	=	-8.881	/	2.126
	=	-417.73 %

NU E Power's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-3.036	/	( ( (1.52 - 0.885)	+	(0.872 - 0.88) )	/ 2 )
	=	-3.036	/	( ( 0.635	+	-0.008 )	/ 2 )
	=	-3.036	/	0.3135
	=	-968.42 %

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

NU E Power (XCNQ:NUE) 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.

NU E Power ROCE % Related Terms

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NU E Power Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » NU E Power Corp (XCNQ:NUE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

B5S0:Germany

Address

6404 6a Street Se, Calgary, AB, CAN, T2H 2B7

Website

https://www.nu-ecorp.com

NU E Power Corp is a developer, owner, and operator of renewable energy projects in North America. The Company focuses on solar, wind, and battery storage projects. Its project, Lethbridge One, is a 10.5 MW utility-scale solar generation facility that is currently under construction in Alberta, Canada.

Executives

Samuel Anthony Kyler Hardy

Director