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Empresa Distribuidora y Comercializadora Norte (BUE:EDN) ROCE % : 84.21% (As of Dec. 2023)


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What is Empresa Distribuidora y Comercializadora Norte 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. Empresa Distribuidora y Comercializadora Norte's annualized ROCE % for the quarter that ended in Dec. 2023 was 84.21%.

Empresa Distribuidora y Comercializadora Norte ROCE % Historical Data

The historical data trend for Empresa Distribuidora y Comercializadora Norte'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.

* Premium members only.

Empresa Distribuidora y Comercializadora Norte ROCE % Chart

Empresa Distribuidora y Comercializadora Norte Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 56.39 -24.31 59.28 46.05 49.38

Empresa Distribuidora y Comercializadora Norte 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 125.87 21.02 44.97 117.84 84.21

Empresa Distribuidora y Comercializadora Norte ROCE % Calculation

Empresa Distribuidora y Comercializadora Norte'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 )
=501054/( ( (1495182 - 618927) + (1508804 - 355725) )/ 2 )
=501054/( (876255+1153079)/ 2 )
=501054/1014667
=49.38 %

Empresa Distribuidora y Comercializadora Norte'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 )
=829512/( ( (1011454 - 194444) + (1508804 - 355725) )/ 2 )
=829512/( ( 817010 + 1153079 )/ 2 )
=829512/985044.5
=84.21 %

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

* 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.

Empresa Distribuidora y Comercializadora Norte  (BUE:EDN) 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.

Empresa Distribuidora y Comercializadora Norte ROCE % Related Terms

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Empresa Distribuidora y Comercializadora Norte (BUE:EDN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Empresa Distribuidora y Comercializadora Norte SA (BUE:EDN) » Definitions » ROCE %
Comparable Companies
BUE:TRAN BUE:CECO2 BUE:EDSH BUE:CEPU NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG BOM:532898 ED XEL EIX WEC SHSE:601985
Traded in Other Exchanges
EDN:USA PWD1:Germany
Address
6363 Del Libertador Avenue, Buenos Aires, ARG, C1428ARG
Website
https://www.edenor.com
Empresa Distribuidora y Comercializadora Norte SA is an Investment company and provider of services related to the distribution of electricity, renewable energies, and the development of sustainable technology. The firm's concession area covers the northern portion of the city of Buenos Aires mainly to residential, commercial, industrial, and public service.