Camuzzi Gas Pampeana (BUE:CGPA2) ROCE % : -13.97% (As of Dec. 2023)

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What is Camuzzi Gas Pampeana 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. Camuzzi Gas Pampeana's annualized ROCE % for the quarter that ended in Dec. 2023 was -13.97%.

Camuzzi Gas Pampeana ROCE % Historical Data

The historical data trend for Camuzzi Gas Pampeana'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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Camuzzi Gas Pampeana ROCE % Chart

Camuzzi Gas Pampeana Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-25.40

-7.46

20.73

63.18

6.43

Camuzzi Gas Pampeana 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															79.51	-10.29	33.65	62.70	-13.97

Camuzzi Gas Pampeana ROCE % Calculation

Camuzzi Gas Pampeana'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 )
	=	4503.782	/	( ( (118304.466 - 50408.401)	+	(115340.784 - 43225.676) )	/ 2 )
	=	4503.782	/	( (67896.065	+	72115.108)	/ 2 )
	=	4503.782	/	70005.5865
	=	6.43 %

Camuzzi Gas Pampeana'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 )
	=	-8515.064	/	( ( (101865.234 - 52106.28)	+	(115340.784 - 43225.676) )	/ 2 )
	=	-8515.064	/	( ( 49758.954	+	72115.108 )	/ 2 )
	=	-8515.064	/	60937.031
	=	-13.97 %

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

Camuzzi Gas Pampeana (BUE:CGPA2) 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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Camuzzi Gas Pampeana (BUE:CGPA2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Camuzzi Gas Pampeana SA (BUE:CGPA2) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Av. Alicia Moreau de Justo 240, 3rd floor, Buenos Aires, ARG, C1107AAF

Website

http://www.camuzzigas.com

Camuzzi Gas Pampeana SA is an Argentina based company engaged in the distribution of natural gas. Through transport pipelines and distribution networks, the company supplies to seven provinces of the country, being Buenos Aires, La Pampa, Neuquen, Chubut, Rio Negro, Santa Cruz and Tierra del Fuego. The company is also involved in the distribution of compressed natural gas. Its customers include both residential and commercial users.

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