Greenvolt - Energias Renovaveis (XLIS:GVOLT) ROCE % : 2.87% (As of Dec. 2023)

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What is Greenvolt - Energias Renovaveis 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. Greenvolt - Energias Renovaveis's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.87%.

Greenvolt - Energias Renovaveis ROCE % Historical Data

The historical data trend for Greenvolt - Energias Renovaveis'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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Greenvolt - Energias Renovaveis ROCE % Chart

Greenvolt - Energias Renovaveis Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.34

21.85

5.29

5.47

3.85

Greenvolt - Energias Renovaveis Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial											2.72	3.72	4.02	3.81	2.87

Greenvolt - Energias Renovaveis ROCE % Calculation

Greenvolt - Energias Renovaveis'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 )
	=	58.923	/	( ( (1530.257 - 214.913)	+	(2287.384 - 543.899) )	/ 2 )
	=	58.923	/	( (1315.344	+	1743.485)	/ 2 )
	=	58.923	/	1529.4145
	=	3.85 %

Greenvolt - Energias Renovaveis'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 )
	=	49.648	/	( ( (2054.859 - 343.399)	+	(2287.384 - 543.899) )	/ 2 )
	=	49.648	/	( ( 1711.46	+	1743.485 )	/ 2 )
	=	49.648	/	1727.4725
	=	2.87 %

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

Greenvolt - Energias Renovaveis (XLIS:GVOLT) 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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Greenvolt - Energias Renovaveis (XLIS:GVOLT) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Greenvolt - Energias Renovaveis SA (XLIS:GVOLT) » Definitions » ROCE %

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000:Germany

Address

Rua Manuel Pinto de Azevedo 818, Porto, PRT, PT-4100-320

Website

https://www.greenvolt.pt

Greenvolt - Energias Renovaveis SA is specialized in the production of electricity from renewable energy sources. It has three operating segments. Biomass & Structure has five energy production plants through forest biomass in Portugal, the costs of the corporate structure of Greenvolt, and the plant in Tilbury. The development of Solar & wind energy includes the activities of development, construction, & exploration of photovoltaic & wind energy, with the subsidiaries Greenvolt Power & Sustainable Energy One being the main contributors to the segment. Distributed generation includes the contributions from subsidiaries Greenvolt Next Portugal, Greenvolt Next Portugal II Invest, Perfecta Energía, Greenvolt Comunidades, & Univergy. The key revenue is from the biomass & structure segment.

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