Eneraqua Technologies (LSE:ETP) ROCE % : -0.66% (As of Jul. 2023)

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What is Eneraqua Technologies 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. Eneraqua Technologies's annualized ROCE % for the quarter that ended in Jul. 2023 was -0.66%.

Eneraqua Technologies ROCE % Historical Data

The historical data trend for Eneraqua Technologies'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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Eneraqua Technologies ROCE % Chart

Eneraqua Technologies Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

ROCE %

25.09

39.30

24.80

38.22

44.26

Eneraqua Technologies Semi-Annual Data
	Jan19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23
ROCE %	Get a 7-Day Free Trial				55.19	20.51	30.89	55.08	-0.66

Eneraqua Technologies ROCE % Calculation

Eneraqua Technologies's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	10.305	/	( ( (28.201 - 11.508)	+	(48.364 - 18.49) )	/ 2 )
	=	10.305	/	( (16.693	+	29.874)	/ 2 )
	=	10.305	/	23.2835
	=	44.26 %

Eneraqua Technologies's ROCE % of for the quarter that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2023 )		(Q: Jan. 2023 )		(Q: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2023 )		(Q: Jan. 2023 )		(Q: Jul. 2023 )
	=	-0.2	/	( ( (48.364 - 18.49)	+	(49.537 - 18.751) )	/ 2 )
	=	-0.2	/	( ( 29.874	+	30.786 )	/ 2 )
	=	-0.2	/	30.33
	=	-0.66 %

(1) Note: The EBIT data used here is two times the semi-annual (Jul. 2023) EBIT data.

Eneraqua Technologies (LSE:ETP) 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.

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Eneraqua Technologies (LSE:ETP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Eneraqua Technologies PLC (LSE:ETP) » Definitions » ROCE %

Traded in Other Exchanges

Y21:Germany

Address

2 Windmill Street, Fitzrovia, London, GBR, W1T 2HX

Website

https://www.eneraquatechnologies.com

Eneraqua Technologies PLC is engaged in the provision of turnkey solutions for decarbonisation through heating and hot water systems for multiple occupancies social housing and commercial projects. Its services are split into two divisions: energy and water. The energy division focuses on clients with end-of-life gas, oil, or electric heating and hot water systems. The water division is a growing service offering focused on water efficiency upgrades utilizing the patented Control Flow HL2024 technology.