EverGen Infrastructure (TSXV:EVGN) ROCE % : -8.49% (As of Dec. 2023)

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What is EverGen Infrastructure 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. EverGen Infrastructure's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.49%.

EverGen Infrastructure ROCE % Historical Data

The historical data trend for EverGen Infrastructure'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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EverGen Infrastructure ROCE % Chart

EverGen Infrastructure Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-3.41

-5.47

-6.69

EverGen Infrastructure Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							-8.91	-4.96	-6.09	-6.45	-8.49

EverGen Infrastructure ROCE % Calculation

EverGen Infrastructure'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 )
	=	-5.502	/	( ( (85.956 - 7.111)	+	(93.534 - 7.954) )	/ 2 )
	=	-5.502	/	( (78.845	+	85.58)	/ 2 )
	=	-5.502	/	82.2125
	=	-6.69 %

EverGen Infrastructure's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-7.32	/	( ( (92.28 - 5.404)	+	(93.534 - 7.954) )	/ 2 )
	=	-7.32	/	( ( 86.876	+	85.58 )	/ 2 )
	=	-7.32	/	86.228
	=	-8.49 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

EverGen Infrastructure (TSXV:EVGN) 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.

EverGen Infrastructure ROCE % Related Terms

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EverGen Infrastructure (TSXV:EVGN) Business Description

Industry

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EVGIF:USA

Address

1050 Homer Street, Suite 390, Vancouver, BC, CAN, V6B 2W9

Website

https://www.evergeninfra.com

EverGen Infrastructure Corp is focused on combating climate change and helping communities contribute to a carbon-free future to develop a Renewable Natural Gas Infrastructure Platform, starting on the West Coast of Canada in British Columbia. The company is established to acquire, develop, build, own and operate a portfolio of renewable natural gas, waste-to-energy, and related infrastructure projects.

Executives