Windon Energy Group AB (XSAT:WEG) ROCE % : -9.68% (As of Dec. 2023)

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What is Windon Energy Group AB 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. Windon Energy Group AB's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.68%.

Windon Energy Group AB ROCE % Historical Data

The historical data trend for Windon Energy Group AB'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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Windon Energy Group AB ROCE % Chart

Windon Energy Group AB Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-3.16

10.88

Windon Energy Group AB Quarterly Data
	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial				-2.75	-1.75	31.74	19.29	-9.68

Windon Energy Group AB ROCE % Calculation

Windon Energy Group AB'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 )
	=	4.56	/	( ( (29.064 - 0)	+	(60.209 - 5.42) )	/ 2 )
	=	4.56	/	( (29.064	+	54.789)	/ 2 )
	=	4.56	/	41.9265
	=	10.88 %

Windon Energy Group AB'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-5.408	/	( ( (66.844 - 9.842)	+	(60.209 - 5.42) )	/ 2 )
	=	-5.408	/	( ( 57.002	+	54.789 )	/ 2 )
	=	-5.408	/	55.8955
	=	-9.68 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Windon Energy Group AB (XSAT:WEG) 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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Windon Energy Group AB (XSAT:WEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Windon Energy Group AB (XSAT:WEG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NW1:Germany

Address

Humlegardsgatan 4, Stockholm, SWE, 114 46

Website

https://www.windonenergygroup.se

Windon Energy Group AB operates in the energy sector. The company is a supplier of solar cell systems and offers complete system installation consisting of solar panels. Its product offering comprises solar panels, inverters, and montagesystem.

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