Holaluz-Clidom (XMAD:HLZ) ROCE % : -56.60% (As of Dec. 2023)

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What is Holaluz-Clidom 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. Holaluz-Clidom's annualized ROCE % for the quarter that ended in Dec. 2023 was -56.60%.

Holaluz-Clidom ROCE % Historical Data

The historical data trend for Holaluz-Clidom'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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Holaluz-Clidom ROCE % Chart

Holaluz-Clidom Annual Data

Trend

Sep19

Sep20

Dec21

Dec22

Dec23

ROCE %

-0.58

-3.56

-21.56

-12.29

-73.82

Holaluz-Clidom Semi-Annual Data
	Mar19	Sep19	Mar20	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					-25.38	22.50	-43.02	-95.24	-56.60

Holaluz-Clidom ROCE % Calculation

Holaluz-Clidom'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 )
	=	-33.363	/	( ( (277.545 - 221.824)	+	(175.648 - 140.978) )	/ 2 )
	=	-33.363	/	( (55.721	+	34.67)	/ 2 )
	=	-33.363	/	45.1955
	=	-73.82 %

Holaluz-Clidom'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 )
	=	-21.136	/	( ( (212.77 - 172.754)	+	(175.648 - 140.978) )	/ 2 )
	=	-21.136	/	( ( 40.016	+	34.67 )	/ 2 )
	=	-21.136	/	37.343
	=	-56.60 %

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

Holaluz-Clidom (XMAD:HLZ) 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.

Holaluz-Clidom ROCE % Related Terms

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Holaluz-Clidom (XMAD:HLZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Holaluz-Clidom SA (XMAD:HLZ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

4H2:Germany

Address

Paseo Juan de Borbon 99-101, 4th Floor, Barcelona, ESP, 08039

Website

https://www.holaluz.com

Holaluz-Clidom SA is a renewable energy company providing green energy. The company's main activity is commercialization of energy in general. Its Holaluz Cloud is a system that allows surplus energy, i.e. energy produced by customers' solar panels that cannot be consumed at the moment, to be deducted from the electricity bill.

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