NextEra Energy (NextEra Energy) ROCE % : 6.53% (As of Mar. 2024)

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What is NextEra 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. NextEra Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.53%.

NextEra Energy ROCE % Historical Data

The historical data trend for NextEra 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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NextEra Energy ROCE % Chart

NextEra Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.41

4.04

3.77

3.45

7.53

NextEra 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															9.86	9.02	2.79	8.37	6.53

NextEra Energy ROCE % Calculation

NextEra 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 )
	=	10612	/	( ( (158935 - 26695)	+	(177489 - 27963) )	/ 2 )
	=	10612	/	( (132240	+	149526)	/ 2 )
	=	10612	/	140883
	=	7.53 %

NextEra 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 )
	=	9948	/	( ( (177489 - 27963)	+	(179950 - 24803) )	/ 2 )
	=	9948	/	( ( 149526	+	155147 )	/ 2 )
	=	9948	/	152336.5
	=	6.53 %

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

NextEra Energy (NYSE:NEE) 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.

NextEra Energy ROCE % Related Terms

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NextEra Energy (NextEra Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » NextEra Energy Inc (NYSE:NEE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NEEpR:USA NEE:Mexico FP3:Germany FP3:Germany NEXT34:Brazil NEE:Austria

Address

700 Universe Boulevard, Juno Beach, FL, USA, 33408

Website

https://www.nexteraenergy.com

NextEra Energy's regulated utility, Florida Power & Light, is the largest rate-regulated utility in Florida. The utility distributes power to nearly 6 million customer accounts in Florida and owns 32 gigawatts of generation. FP&L contributes roughly 70% of NextEra's consolidated operating earnings. NextEra Energy Resources, the renewable energy segment, generates and sells power throughout the United States and Canada with more than 25 GW of generation capacity, including natural gas, nuclear, wind, and solar.

Executives

Armando Jr Pimentel	other: President & CEO of Sub	C/O NEXTERA ENERGY, INC., 700 UNIVERSE BLVD., JUNO BEACH FL 33408
Nicole S Arnaboldi	director	700 UNIVERSE BLVD., JUNO BEACH FL 33408
Maria Henry	director	C/O THE HILLSHIRE BRANDS COMPANY, 3500 LACEY ROAD, DOWNERS GROVE IL 60515
Kirk S Hachigian	director	C/O COOPER INDUSTRIES INC, 600 TRAVIS STE 5800, HOUSTON TX 77002
James Lawrence Camaren	director	C/O NEXTERA ENERGY, INC., 700 UNIVERSE BLVD, JUNO BEACH FL 33408
Robert Coffey	officer: EVP, Nuclear Div & CNO	700 UNIVERSE BLVD, JUNO BEACH FL 33408
John W Ketchum	officer: EVP, Finance & CFO	700 UNIVERSE BLVD, JUNO BEACH FL 33408
Deborah L Stahlkopf	director	C/O CISCO SYSTEMS, INC., 170 WEST TASMAN DRIVE, SAN JOSE CA 95134
David L Porges	director	700 UNIVERSE BLVD, C/O NEXTERA ENERGY, INC., JUNO BEACH FL 33408
Crews Terrell Kirk Ii	officer: VP, Controller and CAO	700 UNIVERSE BLVD, JUNO BEACH FL 33408
John A Stall	director	C/O NEXTERA ENERGY, INC., 700 UNIVERSE BLVD, JUNO BEACH FL 33408
Amy B Lane	director	1626 EAST JEFFERSON ST, ROCKVILLE MD 20852
Michael Dunne	officer: Treasurer	700 UNIVERSE BLVD, JUNO BEACH FL 33408
Mark Lemasney	officer: EVP Power Generation Div., other: EVP Power Generation Div-Sub	700 UNIVERSE BLVD, JUNO BEACH FL 33408
Miguel Arechabala	officer: EVP, Power Generation Division, other: EVP, Power Generation Div-Sub	700 UNIVERSE BLVD, JUNO BEACH FL 33408