Edisun Power Europe AG (XSWX:ESUN) ROCE % : 1.70% (As of Jun. 2024)

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What is Edisun Power Europe AG 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. Edisun Power Europe AG's annualized ROCE % for the quarter that ended in Jun. 2024 was 1.70%.

Edisun Power Europe AG ROCE % Historical Data

The historical data trend for Edisun Power Europe AG'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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Edisun Power Europe AG ROCE % Chart

Edisun Power Europe AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.87

3.55

3.18

4.18

8.84

Edisun Power Europe AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															5.27	3.34	3.35	14.04	1.70

Edisun Power Europe AG ROCE % Calculation

Edisun Power Europe AG'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 )
	=	28.73	/	( ( (394.256 - 29.044)	+	(346.118 - 61.51) )	/ 2 )
	=	28.73	/	( (365.212	+	284.608)	/ 2 )
	=	28.73	/	324.91
	=	8.84 %

Edisun Power Europe AG'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 )
	=	5.09	/	( ( (346.118 - 61.51)	+	(357.194 - 44.382) )	/ 2 )
	=	5.09	/	( ( 284.608	+	312.812 )	/ 2 )
	=	5.09	/	298.71
	=	1.70 %

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

Edisun Power Europe AG (XSWX:ESUN) 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.

Edisun Power Europe AG ROCE % Related Terms

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Edisun Power Europe AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Edisun Power Europe AG (XSWX:ESUN) » Definitions » ROCE %

Traded in Other Exchanges

ESUNz:UK 0QQT:UK

Address

Universitatstrasse 51, Zurich, CHE, 8006

Website

https://www.edisunpower.com

Edisun Power Europe AG is an independent power producer. It finances and operates photovoltaic systems (PV) in Europe and sells solar energy to local electricity companies. It operates in Switzerland, Germany, Spain, Italy and France. It derives the majority of its revenue from Spain.

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