Energia Innovacion Y Desarrollo Fotovoltaico (XMAD:EIDF) ROCE % : -36.27% (As of Dec. 2023)

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What is Energia Innovacion Y Desarrollo Fotovoltaico 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. Energia Innovacion Y Desarrollo Fotovoltaico's annualized ROCE % for the quarter that ended in Dec. 2023 was -36.27%.

Energia Innovacion Y Desarrollo Fotovoltaico ROCE % Historical Data

The historical data trend for Energia Innovacion Y Desarrollo Fotovoltaico'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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Energia Innovacion Y Desarrollo Fotovoltaico ROCE % Chart

Energia Innovacion Y Desarrollo Fotovoltaico Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

28.94

25.14

7.57

-3.11

-23.89

Energia Innovacion Y Desarrollo Fotovoltaico Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			1.27	-1.52	-3.37	-8.29	-36.27

Energia Innovacion Y Desarrollo Fotovoltaico ROCE % Calculation

Energia Innovacion Y Desarrollo Fotovoltaico'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 )
	=	-20.109	/	( ( (227.529 - 142.915)	+	(161.186 - 77.44) )	/ 2 )
	=	-20.109	/	( (84.614	+	83.746)	/ 2 )
	=	-20.109	/	84.18
	=	-23.89 %

Energia Innovacion Y Desarrollo Fotovoltaico'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 )
	=	-32.704	/	( ( (227.811 - 131.201)	+	(161.186 - 77.44) )	/ 2 )
	=	-32.704	/	( ( 96.61	+	83.746 )	/ 2 )
	=	-32.704	/	90.178
	=	-36.27 %

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

Energia Innovacion Y Desarrollo Fotovoltaico (XMAD:EIDF) 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.

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Energia Innovacion Y Desarrollo Fotovoltaico (XMAD:EIDF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Energia Innovacion Y Desarrollo Fotovoltaico SA (XMAD:EIDF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

F63:Germany

Address

Poligono Industrial Outeda - Curro, No.3, Mud, Pontevedra, ESP, 36692

Website

https://www.eidfsolar.es

Energia Innovacion Y Desarrollo Fotovoltaico SA is a company specialized in photovoltaic solar energy projects. It offers engineering services, energy consulting, and installation of low and medium voltage. It is engaged in self-consumption photovoltaic installations for companies. Some of its projects are Generation park-Pulpi I, Fricosa, Barcia pipes, Peregrin One Garlic among others.

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