Centrais Eletricas Brasileiras (Centrais Eletricas Brasileiras) ROCE % : 4.01% (As of Sep. 2023)

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What is Centrais Eletricas Brasileiras 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. Centrais Eletricas Brasileiras's annualized ROCE % for the quarter that ended in Sep. 2023 was 4.01%.

Centrais Eletricas Brasileiras ROCE % Historical Data

The historical data trend for Centrais Eletricas Brasileiras'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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Centrais Eletricas Brasileiras ROCE % Chart

Centrais Eletricas Brasileiras Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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13.12

7.09

5.55

8.38

4.06

Centrais Eletricas Brasileiras 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															2.46	0.18	5.74	5.86	4.01

Centrais Eletricas Brasileiras ROCE % Calculation

Centrais Eletricas Brasileiras'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 )
	=	1535.105	/	( ( (33299.098 - 4223.483)	+	(51515.13 - 5040.774) )	/ 2 )
	=	1535.105	/	( (29075.615	+	46474.356)	/ 2 )
	=	1535.105	/	37774.9855
	=	4.06 %

Centrais Eletricas Brasileiras'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 )
	=	1963.316	/	( ( (54281.072 - 6147.95)	+	(56048.557 - 6259.194) )	/ 2 )
	=	1963.316	/	( ( 48133.122	+	49789.363 )	/ 2 )
	=	1963.316	/	48961.2425
	=	4.01 %

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

Centrais Eletricas Brasileiras (NYSE:EBR.B) 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.

Centrais Eletricas Brasileiras ROCE % Related Terms

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Centrais Eletricas Brasileiras (Centrais Eletricas Brasileiras) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Centrais Eletricas Brasileiras SA (NYSE:EBR.B) » Definitions » ROCE %

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Traded in Other Exchanges

EBR:USA XELTO:Spain XELTB:Spain L3XA:Germany L3XC:Germany L3XB:Germany L3XA:Germany L3X:Germany ELET6:Brazil ELET5:Brazil ELET3:Brazil EBR:Argentina

Address

Rua da Quitanda 196, 9th floor, Centro, Rio de Janeiro, RJ, BRA, 20091-005

Website

https://www.eletrobras.com

Centrais Eletricas Brasileiras SA, or Eletrobras, is a mixed capital, Brazilian electric utility company of which the majority shareholder is the Government of Brazil. Eletrobras, through its subsidiaries, controls a sizable amount of total installed electricity generation, transmission, and distribution in Brazil. The company operates a portfolio of wind, thermal, hydro, and nuclear power plants located throughout the country. The vast majority of the total energy produced by Eletrobras comes from its hydroelectric facilities. The company primarily generates revenue from the administration segment. About half of Eletrobras' electricity sales are made using free market agreements, while the other half is completed through auctions and contracts.

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