Spark Inc ROCE
What is the ROCE of Spark Inc?
The ROCE of Spark Energy Inc is 16.82%
What is the definition of ROCE?
Return on capital employed (ROCE) is a financial ratio that measures a company’s profitability and the efficiency with which its capital is used.
= EBIT / (assets - current liabilities)
Return on capital employed (ROCE) is the total amount of capital that a company has utilized in order to generate profits. It is the sum of shareholders' equity and debt liabilities. It can be simplified as total assets minus current liabilities.
ROCE is especially useful when comparing the performance of companies in capital-intensive sectors. ROCE considers debt and other liabilities as well compared to other fundamentals which only analyze profitability related to a company’s common equity. This provides a better indication of financial performance for companies with significant debt. For a company, the ROCE trend over the years is also an important indicator of performance. In general, investors tend to favor companies with stable and rising ROCE numbers over companies where ROCE is volatile and bounces around from one year to the next.
Instead of using capital employed at an arbitrary point in time, analysts and investors often calculate ROCE based on the average capital employed (ROACE), which takes the average of opening and closing capital employed for the time period.
ROCE of companies in the Utilities sector on NASDAQ compared to Spark Inc
Companies with roce similar to Spark Inc
- 8K Miles Software Services has ROCE of 16.79%
- Booz Allen Hamilton has ROCE of 16.80%
- GP Petroleums has ROCE of 16.80%
- Watford has ROCE of 16.80%
- TMSR Co has ROCE of 16.81%
- KAZ Minerals Plc has ROCE of 16.81%
- Spark Inc has ROCE of 16.82%
- F5 Inc has ROCE of 16.84%
- Xinyuan Ppty Mgmt Svc has ROCE of 16.85%
- OSI Systems has ROCE of 16.86%
- La Jolla Pharmaceutical Co has ROCE of 16.86%
- Eicher Motors has ROCE of 16.87%
- Damodar Industries has ROCE of 16.89%