Iren SpA (Iren SpA) ROCE % : 10.34% (As of Mar. 2024)

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What is Iren SpA 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. Iren SpA's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.34%.

Iren SpA ROCE % Historical Data

The historical data trend for Iren SpA'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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Iren SpA ROCE % Chart

Iren SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.63

6.04

5.92

5.47

5.87

Iren SpA 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															10.19	2.06	4.17	6.48	10.34

Iren SpA ROCE % Calculation

Iren SpA'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 )
	=	539.027	/	( ( (12412.139 - 3301.706)	+	(12743.975 - 3484.793) )	/ 2 )
	=	539.027	/	( (9110.433	+	9259.182)	/ 2 )
	=	539.027	/	9184.8075
	=	5.87 %

Iren SpA'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 )
	=	995.808	/	( ( (12743.975 - 3484.793)	+	(13426.883 - 3431.784) )	/ 2 )
	=	995.808	/	( ( 9259.182	+	9995.099 )	/ 2 )
	=	995.808	/	9627.1405
	=	10.34 %

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

Iren SpA (OTCPK:IRDEF) 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.

Iren SpA ROCE % Related Terms

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Iren SpA (Iren SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Iren SpA (OTCPK:IRDEF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IRE:Italy IREm:UK 0MUN:UK TZ8:Germany

Address

Via Nubi di Magellano, 30, Reggio Emilia, ITA, 42123

Website

https://www.gruppoiren.it

Iren SpA is a multi-service Italian utilities holding company that produces and distributes electricity and natural gas. It also provides district heating, water, and environmental services. Iren has five operating companies that include Iren Acqua Gas, Iren Energia (electricity and thermal production), Iren Mercato (sale of electricity, gas, and district heating), Iren Emilia (gas distribution), and Iren Ambiente (environmental services). The company primarily uses hydroelectric, cogeneration, and wind power as energy sources. The majority of revenue is derived from the distribution and sale of electricity and natural gas products and services.