Companhia Energetica de Brasilia - CEB (BSP:CEBR3) ROCE % : 22.63% (As of Dec. 2023)

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What is Companhia Energetica de Brasilia - CEB 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. Companhia Energetica de Brasilia - CEB's annualized ROCE % for the quarter that ended in Dec. 2023 was 22.63%.

Companhia Energetica de Brasilia - CEB ROCE % Historical Data

The historical data trend for Companhia Energetica de Brasilia - CEB'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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Companhia Energetica de Brasilia - CEB ROCE % Chart

Companhia Energetica de Brasilia - CEB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.78

8.94

187.54

31.32

24.33

Companhia Energetica de Brasilia - CEB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															31.98	27.34	8.98	23.26	22.63

Companhia Energetica de Brasilia - CEB ROCE % Calculation

Companhia Energetica de Brasilia - CEB'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 )
	=	311.804	/	( ( (1436.827 - 177.013)	+	(1415.858 - 112.807) )	/ 2 )
	=	311.804	/	( (1259.814	+	1303.051)	/ 2 )
	=	311.804	/	1281.4325
	=	24.33 %

Companhia Energetica de Brasilia - CEB'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 )
	=	298.6	/	( ( (1462.188 - 126.226)	+	(1415.858 - 112.807) )	/ 2 )
	=	298.6	/	( ( 1335.962	+	1303.051 )	/ 2 )
	=	298.6	/	1319.5065
	=	22.63 %

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

Companhia Energetica de Brasilia - CEB (BSP:CEBR3) 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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Companhia Energetica de Brasilia - CEB (BSP:CEBR3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Companhia Energetica de Brasilia - CEB (BSP:CEBR3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CEBR6:Brazil CEBR5:Brazil

Address

SIA Public Services Area, Lot C, Brasília, DF, BRA, 71215-902

Website

http://www.ceb.com.br

Companhia Energetica de Brasilia - CEB through its subsidiaries and holdings is engaged in generation, transmission, marketing and distribution of electricity as well as related services. It also constructs electric power stations and distribution network; and produces and distributes gas through pipelines.

Companhia Energetica de Brasilia - CEB (BSP:CEBR3) Headlines

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