CIA Catarinense de Aguas eneamento - CASAN (BSP:CASN3) ROCE % : 8.64% (As of Dec. 2023)

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What is CIA Catarinense de Aguas eneamento - CASAN 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. CIA Catarinense de Aguas eneamento - CASAN's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.64%.

CIA Catarinense de Aguas eneamento - CASAN ROCE % Historical Data

The historical data trend for CIA Catarinense de Aguas eneamento - CASAN'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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CIA Catarinense de Aguas eneamento - CASAN ROCE % Chart

CIA Catarinense de Aguas eneamento - CASAN Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.67

7.65

8.93

8.25

7.56

CIA Catarinense de Aguas eneamento - CASAN 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															8.19	10.57	5.49	7.31	8.64

CIA Catarinense de Aguas eneamento - CASAN ROCE % Calculation

CIA Catarinense de Aguas eneamento - CASAN'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 )
	=	299.228	/	( ( (4343.394 - 704.144)	+	(5015.791 - 733.898) )	/ 2 )
	=	299.228	/	( (3639.25	+	4281.893)	/ 2 )
	=	299.228	/	3960.5715
	=	7.56 %

CIA Catarinense de Aguas eneamento - CASAN'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 )
	=	345.412	/	( ( (4552.176 - 842.135)	+	(5015.791 - 733.898) )	/ 2 )
	=	345.412	/	( ( 3710.041	+	4281.893 )	/ 2 )
	=	345.412	/	3995.967
	=	8.64 %

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

CIA Catarinense de Aguas eneamento - CASAN (BSP:CASN3) 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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CIA Catarinense de Aguas eneamento - CASAN (BSP:CASN3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CIA Catarinense de Aguas e Saneamento - CASAN (BSP:CASN3) » Definitions » ROCE %

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Address

Rua Emílio Blum No. 83, Centro, Florianopolis, SC, BRA, 88020010

Website

http://www.casan.com.br

CIA Catarinense de Aguas e Saneamento - CASAN operates in municipalities through program contracts and also agreements. It coordinates, plans, executes, operates and explores the public utilities of sewage and drinking water supply. It also carries out basic sanitation works in the municipalities in the state of Santa Catarina.

CIA Catarinense de Aguas eneamento - CASAN (BSP:CASN3) Headlines

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