Cia de Transmissao de Energia Eletrica Paulista (BSP:TRPL10.PFD) ROCE %

: 10.62% (As of Sep. 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 de Transmissao de Energia Eletrica Paulista's annualized ROCE % for the quarter that ended in Sep. 2023 was 10.62%.

Cia de Transmissao de Energia Eletrica Paulista ROCE % Historical Data

The historical data trend for Cia de Transmissao de Energia Eletrica Paulista'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 de Transmissao de Energia Eletrica Paulista Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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14.34

12.17

20.32

16.38

11.40

Cia de Transmissao de Energia Eletrica Paulista Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															10.21	7.72	14.39	12.37	10.62

Cia de Transmissao de Energia Eletrica Paulista ROCE % Calculation

Cia de Transmissao de Energia Eletrica Paulista's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	3346.154	/	( ( (28976.739 - 1229.194)	+	(32243.55 - 1293.346) )	/ 2 )
	=	3346.154	/	( (27747.545	+	30950.204)	/ 2 )
	=	3346.154	/	29348.8745
	=	11.40 %

Cia de Transmissao de Energia Eletrica Paulista's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	3371.52	/	( ( (34161.217 - 2743.349)	+	(35162.727 - 3070.738) )	/ 2 )
	=	3371.52	/	( ( 31417.868	+	32091.989 )	/ 2 )
	=	3371.52	/	31754.9285
	=	10.62 %

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

Cia de Transmissao de Energia Eletrica Paulista (BSP:TRPL10.PFD) 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.

Cia de Transmissao de Energia Eletrica Paulista ROCE % Related Terms

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Cia de Transmissao de Energia Eletrica Paulista (BSP:TRPL10.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Cia de Transmissao de Energia Eletrica Paulista (BSP:TRPL10.PFD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CTPZY:USA CTPTY:USA TRPL4:Brazil TRPL3:Brazil

Address

Rua Casa Do Ator 1155, Sao Paulo, SP, BRA, 4546004

Website

http://www.transmissaopaulista.com.br

Cia de Transmissao de Energia Eletrica Paulista, or CTEEP, is a Brazilian private-public utility concession company involved in the transmission of electric power. Through its subsidiaries, CTEEP plans, constructs, operates, and maintains electric transmission systems and transmission-related infrastructure projects throughout the country of Brazil. The company segments its operations between Infrastructure, Operation & Maintenance, and Concession Assets Remuneration business units. The vast majority of CTEEP's revenue can be derived from its Operation & Maintenance division, which controls and cares for its nationwide electricity transmission system. The company transmits a significant amount of all the power produced in Brazil and over half of the energy consumed in Southeast Brazil.

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