Southern California Edison Co (Southern California Edison Co) ROCE % : 4.16% (As of Jun. 2020)

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What is Southern California Edison Co 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. Southern California Edison Co's annualized ROCE % for the quarter that ended in Jun. 2020 was 4.16%.

Southern California Edison Co ROCE % Historical Data

The historical data trend for Southern California Edison Co'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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Southern California Edison Co ROCE % Chart

Southern California Edison Co Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

ROCE %

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4.72

4.98

3.69

-0.44

3.69

Southern California Edison Co Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
ROCE %	Get a 7-Day Free Trial															4.18	4.94	2.48	2.47	4.16

Southern California Edison Co ROCE % Calculation

Southern California Edison Co's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	2040	/	( ( (56574 - 5146)	+	(64273 - 5059) )	/ 2 )
	=	2040	/	( (51428	+	59214)	/ 2 )
	=	2040	/	55321
	=	3.69 %

Southern California Edison Co's ROCE % of for the quarter that ended in Jun. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2020 )		(Q: Mar. 2020 )		(Q: Jun. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2020 )		(Q: Mar. 2020 )		(Q: Jun. 2020 )
	=	2520	/	( ( (65071 - 5158)	+	(66736 - 5601) )	/ 2 )
	=	2520	/	( ( 59913	+	61135 )	/ 2 )
	=	2520	/	60524
	=	4.16 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2020) EBIT data.

Southern California Edison Co (OTCPK:SCEDP.PFD) 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.

Southern California Edison Co ROCE % Related Terms

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Southern California Edison Co (Southern California Edison Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Southern California Edison Co (OTCPK:SCEDP.PFD) » Definitions » ROCE %

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N/A

Address

2244 Walnut Grove Avenue, P.O. Box 800, Rosemead, CA, USA, 91770

Website

http://www.sce.com

Southern California Edison Co is an investor-owned public utility mainly engaged in the business of supplying electricity to central, coastal and southern California. The company provides services such as payment of bills, View balance, usage and reports.

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