Enerside Energy (XMAD:ENRS) ROCE % : -55.37% (As of Jun. 2023)

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What is Enerside 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. Enerside Energy's annualized ROCE % for the quarter that ended in Jun. 2023 was -55.37%.

Enerside Energy ROCE % Historical Data

The historical data trend for Enerside 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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Enerside Energy ROCE % Chart

Enerside Energy Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

3.69

7.13

-4.17

1.90

-39.97

Enerside Energy Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial			-32.34	22.79	-28.79	-32.98	-55.37

Enerside Energy ROCE % Calculation

Enerside 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 )
	=	-14.527	/	( ( (19.066 - 8.632)	+	(87.719 - 25.46) )	/ 2 )
	=	-14.527	/	( (10.434	+	62.259)	/ 2 )
	=	-14.527	/	36.3465
	=	-39.97 %

Enerside Energy'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 )
	=	-32.706	/	( ( (87.719 - 25.46)	+	(89.807 - 33.936) )	/ 2 )
	=	-32.706	/	( ( 62.259	+	55.871 )	/ 2 )
	=	-32.706	/	59.065
	=	-55.37 %

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

Enerside Energy (XMAD:ENRS) 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.

Enerside Energy ROCE % Related Terms

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Enerside Energy (XMAD:ENRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Enerside Energy SA (XMAD:ENRS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

9O8:Germany

Address

Carrer Tuset 3, 3, Barcelona, ESP, 08006

Website

https://www.enerside.com

Enerside Energy SA is engaged in the development, construction, and maintenance of renewable energy projects. The company has solar photovoltaic generation projects for industrial clients in Europe and Latin America.

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