Orsted A/S (OCSE:ORSTED) ROCE % : 4.99% (As of Dec. 2023)

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What is Orsted A/S 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. Orsted A/S's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.99%.

Orsted A/S ROCE % Historical Data

The historical data trend for Orsted A/S'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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Orsted A/S ROCE % Chart

Orsted A/S Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.85

12.23

8.75

9.78

-6.39

Orsted A/S 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															2.83	6.16	-0.08	-35.68	4.99

Orsted A/S ROCE % Calculation

Orsted A/S'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 )
	=	-14747	/	( ( (314142 - 74868)	+	(281136 - 59201) )	/ 2 )
	=	-14747	/	( (239274	+	221935)	/ 2 )
	=	-14747	/	230604.5
	=	-6.39 %

Orsted A/S'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 )
	=	11196	/	( ( (286782 - 59682)	+	(281136 - 59201) )	/ 2 )
	=	11196	/	( ( 227100	+	221935 )	/ 2 )
	=	11196	/	224517.5
	=	4.99 %

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

Orsted A/S (OCSE:ORSTED) 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.

Orsted A/S ROCE % Related Terms

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Orsted A/S (OCSE:ORSTED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Orsted A/S (OCSE:ORSTED) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DOGEF:USA DNNGY:USA ORSTEc:UK 0RHE:UK D2G:Germany

Address

Kraftvaerksvej 53, Skaerbaek, Fredericia, DNK, DK-7000

Website

https://www.orsted.com

Danish company Orsted was named Dong Energy until the sale of all its oil and gas fields to Ineos in 2017, soon after the May 2016 initial public offering. Orsted is now focused on renewable assets, especially offshore wind farms. It operated 8.9 gigawatts of offshore wind farms at the end of 2022. The United Kingdom is the biggest country of operation, ahead of Germany and Denmark. The group intends to develop its footprint outside Europe with projects in Taiwan and in the U.S. Orsted also operates 4.2 GW of onshore wind and solar assets concentrated in the United States. The company is also involved in more traditional utilities business like conventional power plants and gas supply, but these activities are noncore.

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