Electricite et Eaux de Madagascar (XPAR:EEM) ROCE % : -22.47% (As of Jun. 2023)

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What is Electricite et Eaux de Madagascar 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. Electricite et Eaux de Madagascar's annualized ROCE % for the quarter that ended in Jun. 2023 was -22.47%.

Electricite et Eaux de Madagascar ROCE % Historical Data

The historical data trend for Electricite et Eaux de Madagascar'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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Electricite et Eaux de Madagascar ROCE % Chart

Electricite et Eaux de Madagascar Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-5.41

-7.38

-11.50

-10.11

-21.85

Electricite et Eaux de Madagascar Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-3.70	-14.81	-20.40	-25.43	-22.47

Electricite et Eaux de Madagascar ROCE % Calculation

Electricite et Eaux de Madagascar's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-3.022	/	( ( (20.083 - 4.264)	+	(18.578 - 6.741) )	/ 2 )
	=	-3.022	/	( (15.819	+	11.837)	/ 2 )
	=	-3.022	/	13.828
	=	-21.85 %

Electricite et Eaux de Madagascar's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-3.296	/	( ( (18.578 - 6.741)	+	(19.527 - 2.026) )	/ 2 )
	=	-3.296	/	( ( 11.837	+	17.501 )	/ 2 )
	=	-3.296	/	14.669
	=	-22.47 %

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

Electricite et Eaux de Madagascar (XPAR:EEM) 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.

Electricite et Eaux de Madagascar ROCE % Related Terms

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Electricite et Eaux de Madagascar (XPAR:EEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Electricite et Eaux de Madagascar (XPAR:EEM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

48 avenue Victor Hugo, Paris, FRA, 75116

Website

http://www.eem-group.com

Electricite et Eaux de Madagascar is an international investment company. The company is present in the hotel industry in Cambodia and real estate in the Paris region holds a majority stake in Gascogne and a stake in the Societe Francaise de Casinos.