Umbrella Global Energy (XMAD:UMB) ROCE % : -15.24% (As of Dec. 2023)

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What is Umbrella Global Energy 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. Umbrella Global Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was -15.24%.

Umbrella Global Energy ROCE % Historical Data

The historical data trend for Umbrella Global Energy'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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Umbrella Global Energy ROCE % Chart

Umbrella Global Energy Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

68.94

47.40

20.69

1.55

-11.37

Umbrella Global Energy Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-	15.43	-2.76	-6.34	-15.24

Umbrella Global Energy ROCE % Calculation

Umbrella Global Energy'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 )
	=	-6.519	/	( ( (66.649 - 22.027)	+	(92.003 - 21.97) )	/ 2 )
	=	-6.519	/	( (44.622	+	70.033)	/ 2 )
	=	-6.519	/	57.3275
	=	-11.37 %

Umbrella Global Energy'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-9.778	/	( ( (73.521 - 15.27)	+	(92.003 - 21.97) )	/ 2 )
	=	-9.778	/	( ( 58.251	+	70.033 )	/ 2 )
	=	-9.778	/	64.142
	=	-15.24 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Umbrella Global Energy (XMAD:UMB) 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.

Umbrella Global Energy ROCE % Related Terms

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Umbrella Global Energy Business Description

Industry

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Traded in Other Exchanges

U6Q:Germany

Address

Plaza de America 2, 4th Floor, Gate AB, Valencia, ESP, 46004

Website

http://www.umbrellasolarinvestment.com

Umbrella Global Energy SA, formerly Umbrella Solar Investment SA is a company with a focus on photovoltaics. The business activity encompasses the entire value chain of the photovoltaic sector, from the initial stage of project design, financing, comprehensive construction, operation and maintenance through to the active management of the energy generated in photovoltaic plants.

Umbrella Global Energy Headlines

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