Neoen (XPAR:NEOEN) ROCE % : 4.19% (As of Jun. 2024)

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What is Neoen 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. Neoen's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.19%.

Neoen ROCE % Historical Data

The historical data trend for Neoen'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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Neoen ROCE % Chart

Neoen Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.29

3.43

3.76

4.55

6.68

Neoen Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial												1.50	7.08	6.98	6.25	4.19

Neoen ROCE % Calculation

Neoen'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 )
	=	397.7	/	( ( (6273.5 - 889.7)	+	(7402.3 - 877.4) )	/ 2 )
	=	397.7	/	( (5383.8	+	6524.9)	/ 2 )
	=	397.7	/	5954.35
	=	6.68 %

Neoen'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 )
	=	286.2	/	( ( (7402.3 - 877.4)	+	(7880 - 755.4) )	/ 2 )
	=	286.2	/	( ( 6524.9	+	7124.6 )	/ 2 )
	=	286.2	/	6824.75
	=	4.19 %

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

Neoen (XPAR:NEOEN) 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.

Neoen ROCE % Related Terms

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Neoen Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Neoen SA (XPAR:NEOEN) » Definitions » ROCE %

Traded in Other Exchanges

NOSPF:USA NEOENp:UK 0A02:UK N1N:Germany

Address

22 rue Bayard, Paris, FRA, 75008

Website

https://www.neoen.com

Listed since 2018, Neoen is a French renewables developer. The historic shareholder is Impala S.A.S., which still holds 42% of the capital. At the end of 2022, Neoen operated 5 GW of capacity, of which 54% was solar, 35% onshore wind, and 11% utility-scale batteries-41% of this capacity is in Europe, 41% in Australia, and 18% in the Americas, but with no presence in the US.

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