CIA Energetica Do Rio Grande Norte - COSERN (BSP:CSRN5) ROCE %

: 20.82% (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. CIA Energetica Do Rio Grande Norte - COSERN's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.82%.

CIA Energetica Do Rio Grande Norte - COSERN ROCE % Historical Data

The historical data trend for CIA Energetica Do Rio Grande Norte - COSERN'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 Energetica Do Rio Grande Norte - COSERN Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

14.01

13.94

21.62

24.48

21.59

CIA Energetica Do Rio Grande Norte - COSERN Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																31.91	26.94	20.19	19.25	20.82

CIA Energetica Do Rio Grande Norte - COSERN ROCE % Calculation

CIA Energetica Do Rio Grande Norte - COSERN'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 )
	=	898	/	( ( (5268 - 1164)	+	(5661 - 1448) )	/ 2 )
	=	898	/	( (4104	+	4213)	/ 2 )
	=	898	/	4158.5
	=	21.59 %

CIA Energetica Do Rio Grande Norte - COSERN'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 )
	=	884	/	( ( (5773 - 1496)	+	(5661 - 1448) )	/ 2 )
	=	884	/	( ( 4277	+	4213 )	/ 2 )
	=	884	/	4245
	=	20.82 %

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

CIA Energetica Do Rio Grande Norte - COSERN (BSP:CSRN5) 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 Energetica Do Rio Grande Norte - COSERN (BSP:CSRN5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CIA Energetica Do Rio Grande Norte - COSERN (BSP:CSRN5) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CSRN6:Brazil CSRN3:Brazil

Address

Rua Mermoz 150, Natal, RN, BRA, 59025250

Website

http://www.cosern.com.br

CIA Energetica Do Rio Grande Norte - COSERN is a holding company in Brazil. The Company, through its subsidiaries, is mainly engaged in distribution, transmission, generation and marketing of electricity. The company operates as a public service concessionary of electrical power, aimed to study, project, construct and explore systems of production, transmission, transformation, distribution and commercialization of electrical energy and other alternative energy sources, renewable and nonrenewable.

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