Energyome Fund (TSX:ENI.UN) ROCE % : -10.22% (As of Dec. 2023)

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What is Energyome Fund 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. Energyome Fund's annualized ROCE % for the quarter that ended in Dec. 2023 was -10.22%.

Energyome Fund ROCE % Historical Data

The historical data trend for Energyome Fund'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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Energyome Fund ROCE % Chart

Energyome Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.55

0.95

2.25

11.10

-9.88

Energyome Fund Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															13.73	-5.88	28.93	-9.15	-10.22

Energyome Fund ROCE % Calculation

Energyome Fund'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 )
	=	-0.454	/	( ( (5.391 - 0.192)	+	(4.125 - 0.133) )	/ 2 )
	=	-0.454	/	( (5.199	+	3.992)	/ 2 )
	=	-0.454	/	4.5955
	=	-9.88 %

Energyome Fund'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-0.45	/	( ( (4.95 - 0.135)	+	(4.125 - 0.133) )	/ 2 )
	=	-0.45	/	( ( 4.815	+	3.992 )	/ 2 )
	=	-0.45	/	4.4035
	=	-10.22 %

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

Energyome Fund (TSX:ENI.UN) 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.

Energyome Fund ROCE % Related Terms

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Energyome Fund (TSX:ENI.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Energy Income Fund (TSX:ENI.UN) » Definitions » ROCE %

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Address

1325 Lawrence Avenue East, Suite 200, Toronto, ON, CAN, M3A 1C6

Website

https://www.artemisfunds.ca

Energy Income Fund is a closed-end investment trust in Canada. The investment objectives are to provide the unitholders with monthly cash distributions and to achieve a total return on the portfolio. The benchmark index is the S&P/TSX Capped Energy Index.

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