Enlight Renewable Energy (Enlight Renewable Energy) ROCE % : 5.01% (As of Mar. 2024)

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What is Enlight Renewable Energy 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. Enlight Renewable Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.01%.

Enlight Renewable Energy ROCE % Historical Data

The historical data trend for Enlight Renewable Energy'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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Enlight Renewable Energy ROCE % Chart

Enlight Renewable Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.48

-1.81

2.95

3.83

5.26

Enlight Renewable Energy 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															7.00	5.00	5.94	3.08	5.01

Enlight Renewable Energy ROCE % Calculation

Enlight Renewable Energy'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 )
	=	189.216	/	( ( (3533.367 - 385.349)	+	(4633.921 - 583.292) )	/ 2 )
	=	189.216	/	( (3148.018	+	4050.629)	/ 2 )
	=	189.216	/	3599.3235
	=	5.26 %

Enlight Renewable Energy'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 )
	=	203.236	/	( ( (4633.921 - 583.292)	+	(4633.46 - 574.45) )	/ 2 )
	=	203.236	/	( ( 4050.629	+	4059.01 )	/ 2 )
	=	203.236	/	4054.8195
	=	5.01 %

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

Enlight Renewable Energy (NAS:ENLT) 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.

Enlight Renewable Energy ROCE % Related Terms

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Enlight Renewable Energy (Enlight Renewable Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Enlight Renewable Energy Ltd (NAS:ENLT) » Definitions » ROCE %

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ENLT:Israel

Address

13 Amal Street, P.O. Box 11659, Afek Industrial Park, Rosh Haayin, ISR, 4809249

Website

https://www.enlightenergy.co.il

Enlight Renewable Energy Ltd is a green energy company. It specializes in initiating, developing, financing, constructing, managing, and operating electricity production projects involved in generating electricity from renewable energy sources. It also provides installation services. The company's segments are Photovoltaic Israel, Israel wind, Eastern Europe wind, Eastern Europe Photovoltaic, Western Europe wind energy, and Management and construction. The company generates the majority of its revenue from its Photovoltaic business in Israel and Eastern Europe.