Grenergy Renovables (XMAD:GRE) ROCE % : 17.44% (As of Dec. 2024)

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What is Grenergy Renovables 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. Grenergy Renovables's annualized ROCE % for the quarter that ended in Dec. 2024 was 17.44%.

Grenergy Renovables ROCE % Historical Data

The historical data trend for Grenergy Renovables'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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Grenergy Renovables ROCE % Chart

Grenergy Renovables Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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11.97

8.61

4.85

10.93

10.96

Grenergy Renovables Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															2.76	4.52	16.31	3.26	17.44

Grenergy Renovables ROCE % Calculation

Grenergy Renovables's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	119.718	/	( ( (1266.336 - 338.01)	+	(1875.214 - 618.849) )	/ 2 )
	=	119.718	/	( (928.326	+	1256.365)	/ 2 )
	=	119.718	/	1092.3455
	=	10.96 %

Grenergy Renovables's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	206.202	/	( ( (1451.985 - 343.44)	+	(1875.214 - 618.849) )	/ 2 )
	=	206.202	/	( ( 1108.545	+	1256.365 )	/ 2 )
	=	206.202	/	1182.455
	=	17.44 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

Grenergy Renovables (XMAD:GRE) 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.

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Grenergy Renovables Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Grenergy Renovables SA (XMAD:GRE) » Definitions » ROCE %

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GREe:UK 5GR:Germany

Address

Calle Rafael Boti, 26, Madrid, ESP, 28023

Website

https://www.grenergy.eu

Grenergy Renovables SA is a Spanish Independent Power Producer (IPP) that designs, develops, and executes renewable energy plants on a large scale. Its services are divided into different activities including the promotion, commercialization, and construction of renewable energy installations, the production and commercialization of electric energy as well as any complementary activities, and the management and operation of renewable energy installations. It operates in segments that include: Development and Construction which also generates key revenue for the company; Energy; Commercialization, and Services. Geographically, the company generates revenue from Chile, Mexico, Peru, Argentina, Colombia, Spain and other regions.

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