ENCE Energia y Celulosa (ENCE Energia y Celulosa) ROCE % : 6.28% (As of Mar. 2024)

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What is ENCE Energia y Celulosa 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. ENCE Energia y Celulosa's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.28%.

ENCE Energia y Celulosa ROCE % Historical Data

The historical data trend for ENCE Energia y Celulosa'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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ENCE Energia y Celulosa ROCE % Chart

ENCE Energia y Celulosa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.88

-1.05

-11.17

21.11

0.33

ENCE Energia y Celulosa Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															20.03	-17.23	-7.93	7.10	6.28

ENCE Energia y Celulosa ROCE % Calculation

ENCE Energia y Celulosa'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 )
	=	4.447	/	( ( (1885.809 - 546.869)	+	(1854.388 - 511.013) )	/ 2 )
	=	4.447	/	( (1338.94	+	1343.375)	/ 2 )
	=	4.447	/	1341.1575
	=	0.33 %

ENCE Energia y Celulosa's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	84.348	/	( ( (1854.388 - 511.013)	+	(1797.609 - 452.935) )	/ 2 )
	=	84.348	/	( ( 1343.375	+	1344.674 )	/ 2 )
	=	84.348	/	1344.0245
	=	6.28 %

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

ENCE Energia y Celulosa (OTCPK:EEYCF) 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.

ENCE Energia y Celulosa ROCE % Related Terms

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ENCE Energia y Celulosa (ENCE Energia y Celulosa) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » ENCE Energia y Celulosa SA (OTCPK:EEYCF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ENCe:UK 0K96:UK ENC:Spain ENCA:Germany

Address

Beatriz de Bobadilla, 14, Madrid, ESP, 28040

Website

https://www.ence.es

ENCE Energia y Celulosa SA produces and sells pulp. The company owns and manages eucalyptus forests throughout Spain and harvests timber. The timber is transported to the firm's mills, where it produces pulp for sale to paper manufacturers. Over half of the company's pulp is sold to tissue paper producers. Other customers include manufacturers of specialty paper, printing and writing paper, and packaging paper. Ence also generates and sells electricity from forest biomass. The vast majority of revenue comes from Europe.