First National Energy (First National Energy) ROCE % : -4.46% (As of Sep. 2023)

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What is First National 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. First National Energy's annualized ROCE % for the quarter that ended in Sep. 2023 was -4.46%.

First National Energy ROCE % Historical Data

The historical data trend for First National 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.

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First National Energy ROCE % Chart

First National Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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1.82

First National Energy Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Dec19	Dec20	Dec21	Sep22	Dec22	Sep23
ROCE %	Get a 7-Day Free Trial															-	-	-47.06	3.78	-4.46

First National Energy ROCE % Calculation

First National Energy'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 )
	=	0.062	/	( ( (0.07 - 0.036)	+	(6.93 - 0.153) )	/ 2 )
	=	0.062	/	( (0.034	+	6.777)	/ 2 )
	=	0.062	/	3.4055
	=	1.82 %

First National Energy's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Dec. 2022 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Dec. 2022 )		(Q: Sep. 2023 )
	=	-0.264	/	( ( (6.93 - 0.153)	+	(5.102 - 0.04) )	/ 2 )
	=	-0.264	/	( ( 6.777	+	5.062 )	/ 2 )
	=	-0.264	/	5.9195
	=	-4.46 %

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

First National Energy (OTCPK:FNEC) 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.

First National Energy ROCE % Related Terms

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First National Energy (First National Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » First National Energy Corp (OTCPK:FNEC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Peter Wanner, 44 Greystone Crescent, Suite 200, Georgetown, ON, CAN, L7G 1G9

Website

https://www.firstnationalenergy.com

First National Energy Corp is engaged in the provision of wind-driven solutions for the solar and hybrid power generation market. Its projects include Zero Carbon World, Propulsion Systems, Diesel Group System, and Vertical Axis Wind Turbine. All assets of the business are located in the United States of America.

Executives

Lubi Enterprises Inc.	10 percent owner	1551 SECOND STREET, SARASOTA FL 34236
Gianni Guido Caputo	director, officer: Vice President/Secretary	2000 WEBBER STREET, SUITE 3113, SARASOTA FL 34239
Gregory Dale Sheller	director, officer: CEO/President/Director	2000 WEBBER STREET, #3113, SARASOTA FL 34238
Douglas Warren Lindeblom	director, officer: P,CEO	2000 WEBBER STREET, SUITE 3113, SARASOTA FL 34239
Peter Wanner	director, officer: Treasurer, CFO	SUITE 200, 44 GREYSTONE CRESCENT, GEORGETOWN A6 L7G 1G9

First National Energy (First National Energy) Headlines

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