Corre Energy BV (DUB:CORRE) ROCE % : -92.52% (As of Jun. 2023)

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What is Corre Energy BV 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. Corre Energy BV's annualized ROCE % for the quarter that ended in Jun. 2023 was -92.52%.

Corre Energy BV ROCE % Historical Data

The historical data trend for Corre Energy BV'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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Corre Energy BV ROCE % Chart

Corre Energy BV Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

-985.53

-65.57

-150.03

Corre Energy BV Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial			-302.55	-96.91	-141.31	-123.12	-92.52

Corre Energy BV ROCE % Calculation

Corre Energy BV's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-33.203	/	( ( (25.576 - 3.48)	+	(33.961 - 11.794) )	/ 2 )
	=	-33.203	/	( (22.096	+	22.167)	/ 2 )
	=	-33.203	/	22.1315
	=	-150.03 %

Corre Energy BV's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-22.012	/	( ( (33.961 - 11.794)	+	(44.223 - 18.809) )	/ 2 )
	=	-22.012	/	( ( 22.167	+	25.414 )	/ 2 )
	=	-22.012	/	23.7905
	=	-92.52 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Corre Energy BV (DUB:CORRE) 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.

Corre Energy BV ROCE % Related Terms

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Corre Energy BV (DUB:CORRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Corre Energy BV (DUB:CORRE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Helperpark 278-3, Groningen, NLD, 9723 ZA

Website

https://www.corre.energy

Corre Energy BV is specialized in the development, construction, and operation of large-scale, underground renewable energy storage facilities. The group develops salt cavern energy storage facilities that use compressed air and hydrogen, and which enable mass energy storage for later use in offsetting the intermittent effects of renewable energy. It is also developing business activities in the production and sale of green energy.

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