Pennon Group (Pennon Group) ROCE % : 3.46% (As of Sep. 2023)

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What is Pennon Group 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. Pennon Group's annualized ROCE % for the quarter that ended in Sep. 2023 was 3.46%.

Pennon Group ROCE % Historical Data

The historical data trend for Pennon Group'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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Pennon Group ROCE % Chart

Pennon Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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4.42

4.23

3.36

3.88

2.63

Pennon Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															4.14	3.99	3.67	1.55	3.46

Pennon Group ROCE % Calculation

Pennon Group's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	162.136	/	( ( (7031.884 - 547.036)	+	(6293.083 - 431.432) )	/ 2 )
	=	162.136	/	( (6484.848	+	5861.651)	/ 2 )
	=	162.136	/	6173.2495
	=	2.63 %

Pennon Group's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	208.168	/	( ( (6293.083 - 431.432)	+	(6606.436 - 422.649) )	/ 2 )
	=	208.168	/	( ( 5861.651	+	6183.787 )	/ 2 )
	=	208.168	/	6022.719
	=	3.46 %

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

Pennon Group (OTCPK:PEGRY) 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.

Pennon Group ROCE % Related Terms

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Pennon Group (Pennon Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Pennon Group PLC (OTCPK:PEGRY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PEGRF:USA PNNl:UK PNN:UK 3PN:Germany

Address

Peninsula House, Rydon Lane, Exeter, Devon, GBR, EX2 7HR

Website

https://www.pennon-group.co.uk

Pennon Group PLC is a British water and environmental utility infrastructure company that operates mainly in the United Kingdom. It has smaller operations in the European Union, China, and other countries. The company operates through Water, Non-household retail and other segments. The water business comprises the regulated water and wastewater services undertaken by South West Water. The non-household retail business comprises the services provided by Pennon Water Services in the non-household water and wastewater retail market. Majority of revenue is derived from the water division.

Pennon Group (Pennon Group) Headlines

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