Alternus Clean Energy (Alternus Clean Energy) ROCE % : -66.02% (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Alternus Clean Energy 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. Alternus Clean Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was -66.02%.

Alternus Clean Energy ROCE % Historical Data

The historical data trend for Alternus Clean Energy'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.

* Premium members only.

Alternus Clean Energy ROCE % Chart

Alternus Clean Energy Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-0.80

-4.71

-66.02

Alternus Clean Energy Semi-Annual Data
	Dec21	Dec22	Dec23
ROCE %	-0.80	-4.71	-66.02

Alternus Clean Energy ROCE % Calculation

Alternus Clean Energy'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 )
	=	-35.075	/	( ( (178.315 - 10.254)	+	(185.286 - 247.091) )	/ 2 )
	=	-35.075	/	( (168.061	+	-61.805)	/ 2 )
	=	-35.075	/	53.128
	=	-66.02 %

Alternus Clean Energy'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	-35.075	/	( ( (178.315 - 10.254)	+	(185.286 - 247.091) )	/ 2 )
	=	-35.075	/	( ( 168.061	+	-61.805 )	/ 2 )
	=	-35.075	/	53.128
	=	-66.02 %

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

Alternus Clean Energy (NAS:ALCE) 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.

Alternus Clean Energy ROCE % Related Terms

Thank you for viewing the detailed overview of Alternus Clean Energy's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Alternus Clean Energy (Alternus Clean Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Alternus Clean Energy Inc (NAS:ALCE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Blanchardstown Corporate Park 2, Suite 9 & 10 Plaza 212, Dublin, IRL, D15 R504

Website

https://www.alternusenergy.com

Alternus Clean Energy Inc is an international independent clean energy producer. It develops, installs, owns and operates a diverse portfolio of utility-scale solar photovoltaic power stations (PV parks) in Europe and in the USA as a long-term owner. The solar parks benefit from long-term government offtake contracts and/or Power Purchase Agreements (PPAs) with investment grade off-takers, plus energy sales to local power grids.

Alternus Clean Energy (Alternus Clean Energy) Headlines

From GuruFocus

Alternus Clean Energy, Inc. Announces Closing of $2.16 Million Private Placement of Convertible Notes and Warrants

By Marketwired • 04-22-2024