Calpine (FRA:CJ3A) ROCE % : -3.47% (As of Dec. 2017)

View and export this data going back to . Start your Free Trial

What is Calpine 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. Calpine's annualized ROCE % for the quarter that ended in Dec. 2017 was -3.47%.

Calpine ROCE % Historical Data

The historical data trend for Calpine'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.

* Premium members only.

Calpine ROCE % Chart

Calpine Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

ROCE %

Get a 7-Day Free Trial

4.63

11.34

5.52

5.19

1.94

Calpine Quarterly Data
	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17
ROCE %	Get a 7-Day Free Trial															5.81	1.19	0.13	9.93	-3.47

Calpine ROCE % Calculation

Calpine's annualized ROCE % for the fiscal year that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	260.26	/	( ( (16583.364 - 2090.34)	+	(13902.785 - 1583.53) )	/ 2 )
	=	260.26	/	( (14493.024	+	12319.255)	/ 2 )
	=	260.26	/	13406.1395
	=	1.94 %

Calpine's ROCE % of for the quarter that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2017 )		(Q: Sep. 2017 )		(Q: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2017 )		(Q: Sep. 2017 )		(Q: Dec. 2017 )
	=	-432.64	/	( ( (14088.488 - 1505.166)	+	(13902.785 - 1583.53) )	/ 2 )
	=	-432.64	/	( ( 12583.322	+	12319.255 )	/ 2 )
	=	-432.64	/	12451.2885
	=	-3.47 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2017) EBIT data.

Calpine (FRA:CJ3A) 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.

Calpine ROCE % Related Terms

Thank you for viewing the detailed overview of Calpine's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Calpine (FRA:CJ3A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Calpine Corp (FRA:CJ3A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.calpine.com

Calpine is the largest natural gas power producer in the United States, with 3.0 GW of simple-cycle combustion turbines, 6.3 GW of combined-cycle cogeneration, and 15.8 GW of combined-cycle combustion turbines. It also owns 725 MW of geothermal generation in California geothermal generation and 4 MW of solar generation.

Calpine (FRA:CJ3A) Headlines

No Headlines