Neoen (XPAR:NEOEN) ROCE % : 6.25% (As of Dec. 2023)

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What is Neoen 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. Neoen's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.25%.

Neoen ROCE % Historical Data

The historical data trend for Neoen'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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Neoen ROCE % Chart

Neoen Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.29

3.43

3.76

4.23

6.68

Neoen Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial											4.23	1.50	6.50	6.98	6.25

Neoen ROCE % Calculation

Neoen'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 )
	=	397.7	/	( ( (6273.5 - 889.7)	+	(7402.3 - 877.8) )	/ 2 )
	=	397.7	/	( (5383.8	+	6524.5)	/ 2 )
	=	397.7	/	5954.15
	=	6.68 %

Neoen'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 )
	=	394.4	/	( ( (6986.6 - 888.4)	+	(7402.3 - 877.8) )	/ 2 )
	=	394.4	/	( ( 6098.2	+	6524.5 )	/ 2 )
	=	394.4	/	6311.35
	=	6.25 %

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

Neoen (XPAR:NEOEN) 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.

Neoen ROCE % Related Terms

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Neoen (XPAR:NEOEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Neoen SA (XPAR:NEOEN) » Definitions » ROCE %

Traded in Other Exchanges

0A02:UK N1N:Germany

Address

6, rue Menars, Paris, FRA, 75002

Website

https://www.neoen.com

Listed since 2018, Neoen is a French renewables developer. The historic shareholder is Impala S.A.S., which still holds 42% of the capital. At the end of 2022, Neoen operated 4.1 GW of capacity of which 50% was solar, 36% onshore wind, and 13% utility-scale batteries—42% of this capacity is in Europe, 36% in Australia, and 22% in Americas but with no presence in the U.S.

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