Technip Energies NV (XPAR:TE) ROCE % : 19.58% (As of Dec. 2023)

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What is Technip Energies NV 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. Technip Energies NV's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.58%.

Technip Energies NV ROCE % Historical Data

The historical data trend for Technip Energies NV'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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Technip Energies NV ROCE % Chart

Technip Energies NV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.44

14.64

16.57

17.38

17.48

Technip Energies NV Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							17.11	14.86	20.45	16.30	19.58

Technip Energies NV ROCE % Calculation

Technip Energies NV'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 )
	=	511.5	/	( ( (8692.3 - 5935.6)	+	(8669.5 - 5573.8) )	/ 2 )
	=	511.5	/	( (2756.7	+	3095.7)	/ 2 )
	=	511.5	/	2926.2
	=	17.48 %

Technip Energies NV'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 )
	=	573.4	/	( ( (8578.3 - 5817.4)	+	(8669.5 - 5573.8) )	/ 2 )
	=	573.4	/	( ( 2760.9	+	3095.7 )	/ 2 )
	=	573.4	/	2928.3
	=	19.58 %

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

Technip Energies NV (XPAR:TE) 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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Technip Energies NV (XPAR:TE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Technip Energies NV (XPAR:TE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

THNPY:USA THNPF:USA TEp:UK 68F:Germany

Address

2126 boulevard de la Defense, CS 10266, Nanterre, Cedex, FRA, 92741

Website

https://www.technipenergies.com

Technip Energies NV is an engineering and technology company specialized in providing projects, technologies, products and services on energy infrastructure both onshore and offshore. Substantial revenue is derived from the Project Delivery segment.