CPFL Energia (BSP:CPFE3) ROCE %

: 17.92% (As of Dec. 2023)

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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. CPFL Energia's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.92%.

CPFL Energia ROCE % Historical Data

The historical data trend for CPFL Energia'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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CPFL Energia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.15

16.27

17.04

16.87

18.35

CPFL Energia 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															17.72	21.08	16.84	18.08	17.92

CPFL Energia ROCE % Calculation

CPFL Energia'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 )
	=	10228.666	/	( ( (71146.081 - 14879.172)	+	(74971.227 - 19762.108) )	/ 2 )
	=	10228.666	/	( (56266.909	+	55209.119)	/ 2 )
	=	10228.666	/	55738.014
	=	18.35 %

CPFL Energia'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 )
	=	9765.484	/	( ( (73774.877 - 20012.644)	+	(74971.227 - 19762.108) )	/ 2 )
	=	9765.484	/	( ( 53762.233	+	55209.119 )	/ 2 )
	=	9765.484	/	54485.676
	=	17.92 %

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

CPFL Energia (BSP:CPFE3) 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.

CPFL Energia ROCE % Related Terms

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CPFL Energia (BSP:CPFE3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CPFL Energia SA (BSP:CPFE3) » Definitions » ROCE %

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Address

Rua Jorge Figueiredo Corrêa, No 1.632, Jardim Professora Tarcília, Campinas, Sao Paulo, SP, BRA, 13087-397

Website

https://www.cpfl.com.br

CPFL Energia SA is the holding company of the CPFL Group, operating in Brazil's electricity sector, implementing and operating projects and concessions in the energy distribution, generation, transmission, and trading segments and related activities through its subsidiaries and affiliate companies. The Group's operating segments are electric energy distribution, electric energy generation, electric energy commercialization, and services rendered activities. It derives a majority of its revenue from the distribution segment.

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