Energy Solar Tech (XMAD:ETC) ROCE % : 6.00% (As of Dec. 2021)

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What is Energy Solar Tech 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. Energy Solar Tech's annualized ROCE % for the quarter that ended in Dec. 2021 was 6.00%.

Energy Solar Tech ROCE % Historical Data

The historical data trend for Energy Solar Tech'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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Energy Solar Tech ROCE % Chart

Energy Solar Tech Annual Data

Trend

Dec20

Dec21

ROCE %

-0.98

6.00

Energy Solar Tech Semi-Annual Data
	Dec20	Dec21
ROCE %	-0.98	6.00

Energy Solar Tech ROCE % Calculation

Energy Solar Tech's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	0.279	/	( ( (2.724 - 0.175)	+	(9.391 - 2.635) )	/ 2 )
	=	0.279	/	( (2.549	+	6.756)	/ 2 )
	=	0.279	/	4.6525
	=	6.00 %

Energy Solar Tech's ROCE % of for the quarter that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2021 )		(Q: Dec. 2020 )		(Q: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2021 )		(Q: Dec. 2020 )		(Q: Dec. 2021 )
	=	0.279	/	( ( (2.724 - 0.175)	+	(9.391 - 2.635) )	/ 2 )
	=	0.279	/	( ( 2.549	+	6.756 )	/ 2 )
	=	0.279	/	4.6525
	=	6.00 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2021) EBIT data.

Energy Solar Tech (XMAD:ETC) 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.

Energy Solar Tech ROCE % Related Terms

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Energy Solar Tech (XMAD:ETC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Energy Solar Tech SA (XMAD:ETC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DH4:Germany

Address

C/ Ruso, 18, Las Rozas de Madrid, Madrid, ESP, 28290

Website

https://www.energysolartech.com

Energy Solar Tech SA is a technology company in the energy sector whose mission is to facilitate the migration of companies to renewable energies, The company offers its clients energy generation and efficiency technologies through its offer of energy Outsourcing services under the Energy As A Service model.

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