OGE Energy (FRA:OG5) ROCE % : 2.79% (As of Mar. 2024)

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What is OGE 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. OGE Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.79%.

OGE Energy ROCE % Historical Data

The historical data trend for OGE 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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OGE Energy ROCE % Chart

OGE Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.14

-1.32

9.99

8.91

6.19

OGE 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															3.38	5.71	11.78	3.74	2.79

OGE Energy ROCE % Calculation

OGE 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 )
	=	643.275	/	( ( (11842.197 - 1701.277)	+	(11729.072 - 1081.326) )	/ 2 )
	=	643.275	/	( (10140.92	+	10647.746)	/ 2 )
	=	643.275	/	10394.333
	=	6.19 %

OGE 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 )
	=	295.872	/	( ( (11729.072 - 1081.326)	+	(11884.56 - 1315.324) )	/ 2 )
	=	295.872	/	( ( 10647.746	+	10569.236 )	/ 2 )
	=	295.872	/	10608.491
	=	2.79 %

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

OGE Energy (FRA:OG5) 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.

OGE Energy ROCE % Related Terms

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OGE Energy (FRA:OG5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » OGE Energy Corp (FRA:OG5) » Definitions » ROCE %

Comparable Companies

PNW IDA POR PNM MGEE EVRG HE LNT GNE VIA NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG

Traded in Other Exchanges

OGE:USA OG5:Germany

Address

321 North Harvey, P.O. Box 321, Oklahoma, OK, USA, 73101-0321

Website

https://www.ogeenergy.com

OGE Energy is a holding company for Oklahoma Gas & Electric, a regulated utility with electricity generation, transmission, and distribution to 900,000 customers in Oklahoma and western Arkansas. In December 2021, OGE divested its 25.5% stake in Enable Midstream Partners, an oil and gas services company it created in 2013 through a unit exchange merger with Energy Transfer. OGE sold its 95.4 million limited partner units of Energy Transfer throughout 2022. OGE sold is retail gas business in 1928 and no longer has any gas operations.

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