Plug Power (Plug Power) ROCE % : -59.71% (As of Dec. 2023)

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What is Plug Power 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. Plug Power's annualized ROCE % for the quarter that ended in Dec. 2023 was -59.71%.

Plug Power ROCE % Historical Data

The historical data trend for Plug Power'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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Plug Power ROCE % Chart

Plug Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-10.06

-62.42

-13.05

-12.84

-29.36

Plug Power 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															-16.48	-15.61	-18.58	-23.84	-59.71

Plug Power ROCE % Calculation

Plug Power'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 )
	=	-1330.996	/	( ( (5764.276 - 635.275)	+	(4902.738 - 964.8) )	/ 2 )
	=	-1330.996	/	( (5129.001	+	3937.938)	/ 2 )
	=	-1330.996	/	4533.4695
	=	-29.36 %

Plug Power'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 )
	=	-2525.436	/	( ( (5452.121 - 930.585)	+	(4902.738 - 964.8) )	/ 2 )
	=	-2525.436	/	( ( 4521.536	+	3937.938 )	/ 2 )
	=	-2525.436	/	4229.737
	=	-59.71 %

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

Plug Power (NAS:PLUG) 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.

Plug Power ROCE % Related Terms

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Plug Power (Plug Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Plug Power Inc (NAS:PLUG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PLUG:Mexico 1PLUG:Italy 0R1J:UK PLUN:Germany PLUN:Germany PLUN:Germany PLUN:Germany PLUG:Austria

Address

968 Albany Shaker Road, Latham, NY, USA, 12110

Website

https://www.plugpower.com

Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets—including material handling, e-mobility, power generation, and industrial applications.

Executives

Jose Luis Crespo	officer: GM, MATL Handling, Key Accts	C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD, LATHAM NY 12110
Mark J Bonney	director	2711 N. HASKELL AVENUE, SUITE 2300, DALLAS TX 74204
Patrick Joggerst	director	C/O BROADSOFT, INC., 9737 WASHINGTONIAN BOULEVARD, SUITE 350, GAITHERSBURG MD 20878
David Mindnich	officer: EVP, Global Manufacturing	C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD, LATHAM NY 12110
Keith Schmidt	officer: GM New Mkts & Pres New Prd Dv	C/O CHELSEA THERAPEUTICS, INC., 13950 BALLANTYNE CORPORATE PL, UNIT 325, CHARLOTTE NC 28277
Jean A Bua	director
Kavita Mahtani	director	C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD, LATHAM NY 12110
Dirk Ole Hoefelmann	officer: GM, Electrolyzer Solutions	C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD, LATHAM NY 12110
Sanjay K Shrestha	officer: Chief Strategy Officer	968 ALBANY SHAKER RD, LATHAM NY 12110
Kyungyeol Song	director	C/O GROVE ENERGY CAPITAL LLC, 55 EAST 59TH ST. 11TH FL., NEW YORK NY 10022
Kim Harriman	director	C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD, LATHAM NY 12110
Andrew Marsh	director, officer: President & CEO	968 ALBANY SHAKER ROAD, LATHAM NY 12110
George C Mcnamee	director, officer: Chairman of the Board	FIRST ALBANY COMPANIES INC., 677 BROADWAY, ALBANY NY 12207-2990
Jonathan M Silver	director	3027 N STREET NW, WASHINGTON DC 20007
Conway Gerard L Jr	officer: General Counsel	968 ALBANY-SHAKER ROAD, LATHAM NY 12110