Transmissora Alianca de Energia Eletrica (BSP:TAEE4) ROCE %

: 16.09% (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. Transmissora Alianca de Energia Eletrica's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.09%.

Transmissora Alianca de Energia Eletrica ROCE % Historical Data

The historical data trend for Transmissora Alianca de Energia Eletrica'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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Transmissora Alianca de Energia Eletrica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

16.35

25.86

21.97

15.13

13.03

Transmissora Alianca de Energia Eletrica Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																5.06	15.11	9.82	9.99	16.09

Transmissora Alianca de Energia Eletrica ROCE % Calculation

Transmissora Alianca de Energia Eletrica'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 )
	=	2213.969	/	( ( (17309.081 - 1021.517)	+	(19448.656 - 1750.274) )	/ 2 )
	=	2213.969	/	( (16287.564	+	17698.382)	/ 2 )
	=	2213.969	/	16992.973
	=	13.03 %

Transmissora Alianca de Energia Eletrica'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 )
	=	2861.696	/	( ( (19422.89 - 1554.339)	+	(19448.656 - 1750.274) )	/ 2 )
	=	2861.696	/	( ( 17868.551	+	17698.382 )	/ 2 )
	=	2861.696	/	17783.4665
	=	16.09 %

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

Transmissora Alianca de Energia Eletrica (BSP:TAEE4) 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.

Transmissora Alianca de Energia Eletrica ROCE % Related Terms

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Transmissora Alianca de Energia Eletrica (BSP:TAEE4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Transmissora Alianca de Energia Eletrica SA (BSP:TAEE4) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TAEE3:Brazil TAEE11:Brazil

Address

Praca XV de Novembro, 20, Salas 601, e 602, 6th Floor, Centro, Rio de Janeiro, RJ, BRA, 20010-010

Website

https://www.taesa.com.br

Transmissora Alianca de Energia Eletrica SA, or Taesa, is an electric utility company that acts as one of the largest electric transmission concessionaires in Brazil. Taesa implements, operates, and maintains electric power transmission services and facilities both for Brazil's National Interconnected System and for the electricity transmission sectors of other countries as well. The company generates most of its revenue in the form of compensation for its investments in the construction of transmission lines and for the operation and maintenance service that it provides all over Brazil. Taesa's controlling shareholders include a large, state-owned Brazilian power company, CEMIG.

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