EVN AG (WBO:EVN) ROCE % : 8.50% (As of Dec. 2023)

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What is EVN AG 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. EVN AG's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.50%.

EVN AG ROCE % Historical Data

The historical data trend for EVN AG'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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EVN AG ROCE % Chart

EVN AG Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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6.05

4.16

5.06

3.36

7.07

EVN AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															8.11	4.28	9.89	7.64	8.50

EVN AG ROCE % Calculation

EVN AG's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	713.6	/	( ( (12430.5 - 1726.5)	+	(10996 - 1502.2) )	/ 2 )
	=	713.6	/	( (10704	+	9493.8)	/ 2 )
	=	713.6	/	10098.9
	=	7.07 %

EVN AG'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 )
	=	826	/	( ( (10996 - 1502.2)	+	(11252.7 - 1311.6) )	/ 2 )
	=	826	/	( ( 9493.8	+	9941.1 )	/ 2 )
	=	826	/	9717.45
	=	8.50 %

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

EVN AG (WBO:EVN) 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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EVN AG (WBO:EVN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » EVN AG (WBO:EVN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EVNv:UK 0EEI:UK EVN:Germany

Address

EVN Platz, Maria Enzersdorf, AUT, A-2344

Website

https://www.evn.at

EVN AG is an Austrian-based utilities company that generates and distributes electricity and operates in natural gas, waste management, water supply, wastewater treatment and thermal waste utilization service. Evn operates in Austria, Bulgaria, North Macedonia, Croatia, Albania and Germany. The company's operations are divided into segments that include Energy, Generation, Networks, South East Europe, Environment and All Other Segments, out of which South East Europe generates maximum revenue. The company earns majority revenue from Austria.

Executives

Friedrich Bußlehner

Supervisory Board