Zephyrus Wing Energies (XTAE:ZPRS) ROCE % : 50.45% (As of Jun. 2023)

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What is Zephyrus Wing Energies 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. Zephyrus Wing Energies's annualized ROCE % for the quarter that ended in Jun. 2023 was 50.45%.

Zephyrus Wing Energies ROCE % Historical Data

The historical data trend for Zephyrus Wing Energies'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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Zephyrus Wing Energies ROCE % Chart

Zephyrus Wing Energies Annual Data

Trend

Dec19

Dec20

Dec21

ROCE %

-4.07

-23.90

Zephyrus Wing Energies Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Jun23
ROCE %	Get a 7-Day Free Trial			-	-8.08	-72.09	-60.46	50.45

Zephyrus Wing Energies ROCE % Calculation

Zephyrus Wing Energies'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 )
	=	-157.235	/	( ( (1058.033 - 67.486)	+	(1114.016 - 788.811) )	/ 2 )
	=	-157.235	/	( (990.547	+	325.205)	/ 2 )
	=	-157.235	/	657.876
	=	-23.90 %

Zephyrus Wing Energies's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Jun. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Jun. 2022 )		(Q: Jun. 2023 )
	=	673.698	/	( ( (1386.769 - 306.56)	+	(1590.312 - 0) )	/ 2 )
	=	673.698	/	( ( 1080.209	+	1590.312 )	/ 2 )
	=	673.698	/	1335.2605
	=	50.45 %

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

Zephyrus Wing Energies (XTAE:ZPRS) 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.

Zephyrus Wing Energies ROCE % Related Terms

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Zephyrus Wing Energies (XTAE:ZPRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Zephyrus Wing Energies Ltd (XTAE:ZPRS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Haslosha Street, Tel Aviv, ISR, 6706054

Website

https://www.zephyrus.co.il

Zephyrus Wing Energies Ltd is engaged in the initiation, development, construction, and operation of wind farms and solar projects.

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