Enea (ENEAY) ROCE % : -18.87% (As of Dec. 2023)

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What is Enea 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. Enea's annualized ROCE % for the quarter that ended in Dec. 2023 was -18.87%.

Enea ROCE % Historical Data

The historical data trend for Enea'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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Enea ROCE % Chart

Enea Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.37

-9.55

10.20

2.50

0.08

Enea Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-12.13	8.11	-5.86	17.14	-18.87

Enea ROCE % Calculation

Enea'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 )
	=	4.795	/	( ( (9311.635 - 3380.167)	+	(9728.47 - 3723.179) )	/ 2 )
	=	4.795	/	( (5931.468	+	6005.291)	/ 2 )
	=	4.795	/	5968.3795
	=	0.08 %

Enea's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-1128.368	/	( ( (9522.206 - 3570.839)	+	(9728.47 - 3723.179) )	/ 2 )
	=	-1128.368	/	( ( 5951.367	+	6005.291 )	/ 2 )
	=	-1128.368	/	5978.329
	=	-18.87 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Enea (GREY:ENEAY) 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.

Enea ROCE % Related Terms

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Enea (ENEAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Enea SA (GREY:ENEAY) » Definitions » ROCE %

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ENA:Poland 0KO8:UK

Address

ul. Gorecka 1, Poznan, POL, 60-201

Website

https://www.enea.pl

Enea SA is a Polish energy group involved in the production, transmission, and sale of electricity to homes and businesses. Enea segments its operations into Mining, Generation, Distribution, and Trading. Enea supplies coal as raw material to generate electricity and heat to distribute and trade to customers. Collectively, Enea generates a sizable amount of Poland's total energy production. The majority of the company's revenue is derived from the sale of electricity produced by coal- and gas-fired facilities. The distribution of electricity to business customers and households also represents a significant revenue stream. Enea primarily serves individual consumers, small- and medium-sized companies, and large industrial plants in Poland.

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