Fluxys Belgium (XBRU:FLUX) ROCE % : 6.26% (As of Dec. 2023)

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What is Fluxys Belgium 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. Fluxys Belgium's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.26%.

Fluxys Belgium ROCE % Historical Data

The historical data trend for Fluxys Belgium'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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Fluxys Belgium ROCE % Chart

Fluxys Belgium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.13

5.29

5.70

5.87

5.91

Fluxys Belgium 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															5.73	5.87	5.88	6.03	6.26

Fluxys Belgium ROCE % Calculation

Fluxys Belgium'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 )
	=	165.954	/	( ( (3406.57 - 701.678)	+	(3358.616 - 447.57) )	/ 2 )
	=	165.954	/	( (2704.892	+	2911.046)	/ 2 )
	=	165.954	/	2807.969
	=	5.91 %

Fluxys Belgium'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 )
	=	172.234	/	( ( (3248.127 - 656.801)	+	(3358.616 - 447.57) )	/ 2 )
	=	172.234	/	( ( 2591.326	+	2911.046 )	/ 2 )
	=	172.234	/	2751.186
	=	6.26 %

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

Fluxys Belgium (XBRU:FLUX) 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.

Fluxys Belgium ROCE % Related Terms

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Fluxys Belgium (XBRU:FLUX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Fluxys Belgium SA (XBRU:FLUX) » Definitions » ROCE %

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59FE:Germany

Address

Avenue des Arts 31, Brussels, BEL, B-1040

Website

https://www.fluxys.com

Fluxys Belgium SA is engaged as an operator of the natural gas transmission grid and storage infrastructure in Belgium. The company provides transmission and hub services which include transmitting natural gas to distribution system operators, power stations, and industrial end-users, and also buying and selling on Belgian gas trading places, and storage services which include enabling customers to use buffer capacity according to their use, and LNG terminalling which include loading and unloading LNG carriers, storing LNG, and regasifying it for transmission on the network. Its operating segment includes Transmission; Storage, and Terminalling. The company generates maximum revenue from the Transmission segment.