Energix-Renewable Energies (XTAE:ENRG) ROCE % : 4.05% (As of Sep. 2024)

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What is Energix-Renewable Energies 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. Energix-Renewable Energies's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.05%.

Energix-Renewable Energies ROCE % Historical Data

The historical data trend for Energix-Renewable Energies'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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Energix-Renewable Energies ROCE % Chart

Energix-Renewable Energies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.86

4.02

2.50

5.59

4.76

Energix-Renewable Energies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															2.41	0.46	6.53	5.20	4.05

Energix-Renewable Energies ROCE % Calculation

Energix-Renewable Energies'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 )
	=	316.198	/	( ( (6082.231 - 554.664)	+	(9810.878 - 2048.868) )	/ 2 )
	=	316.198	/	( (5527.567	+	7762.01)	/ 2 )
	=	316.198	/	6644.7885
	=	4.76 %

Energix-Renewable Energies's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	343.988	/	( ( (9882.088 - 1628.309)	+	(10760.58 - 2041.39) )	/ 2 )
	=	343.988	/	( ( 8253.779	+	8719.19 )	/ 2 )
	=	343.988	/	8486.4845
	=	4.05 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Energix-Renewable Energies (XTAE:ENRG) 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.

Energix-Renewable Energies ROCE % Related Terms

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Energix-Renewable Energies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Energix-Renewable Energies Ltd (XTAE:ENRG) » Definitions » ROCE %

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Traded in Other Exchanges

ENREF:USA

Address

2 Jabotinsky Street, Amot Atrium Tower, Ramat Gan, ISR, 5250501

Website

https://www.energix-group.com

Energix-Renewable Energies Ltd is an Israel based renewable energy company engaged in the field of solar (photovoltaic) and wind energy. The group operates its activities in two reporting segments namely, the Photovoltaic segment, and the Wind segment. It develops, plans, and constructs projects for the production and sale of electricity using its photovoltaic solar systems under the Photovoltaic segment. The company also plans and constructs projects for the production and sale of electricity by using wind energy. Its Wind energy segment projects are located in Israel and Poland. The group generates the majority of its revenue from the Wind segment.