Cia Paranaense De Energia Copel (BSP:CPLE6) ROCE % : 7.74% (As of Dec. 2023)

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What is Cia Paranaense De Energia Copel 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 Paranaense De Energia Copel's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.74%.

Cia Paranaense De Energia Copel ROCE % Historical Data

The historical data trend for Cia Paranaense De Energia Copel'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 Paranaense De Energia Copel ROCE % Chart

Cia Paranaense De Energia Copel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.25

14.64

11.75

2.46

5.79

Cia Paranaense De Energia Copel 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															3.69	8.11	4.61	1.30	7.74

Cia Paranaense De Energia Copel ROCE % Calculation

Cia Paranaense De Energia Copel'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 )
	=	2579.594	/	( ( (49703.7 - 7156.597)	+	(55819.074 - 9309.433) )	/ 2 )
	=	2579.594	/	( (42547.103	+	46509.641)	/ 2 )
	=	2579.594	/	44528.372
	=	5.79 %

Cia Paranaense De Energia Copel'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 )
	=	3605.96	/	( ( (55701.389 - 8995.41)	+	(55819.074 - 9309.433) )	/ 2 )
	=	3605.96	/	( ( 46705.979	+	46509.641 )	/ 2 )
	=	3605.96	/	46607.81
	=	7.74 %

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

Cia Paranaense De Energia Copel (BSP:CPLE6) 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 Paranaense De Energia Copel (BSP:CPLE6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cia Paranaense De Energia Copel (BSP:CPLE6) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ELPC:USA ELP:USA XCOP:Spain ELPA:Germany CPLE5:Brazil CPLE3:Brazil

Address

Rua Jose Izidoro Biazetto, 158, Bloco A, Mossungue, Curitiba, PR, BRA, 81200-240

Website

https://www.copel.com

Cia Paranaense De Energia Copel is primarily involved in the production of power in the Brazilian state of Parana. Specifically, the company's operating segments include power generation and transmission, gas, power distribution, power sale, and Holding and Services. Most of the company's revenue is derived from the sale of electricity. It generates electricity through renewable energy sources such as hydroelectric, wind plants, and thermoelectric plants. The company was designed to allow Parana to manage the distribution of power and related services, so the state is a major shareholder.

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