CU (TSX:CIU.PR.C.PFD) ROCE % : 5.04% (As of Dec. 2023)

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What is CU 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. CU's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.04%.

CU ROCE % Historical Data

The historical data trend for CU'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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CU ROCE % Chart

CU Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.91

5.58

5.36

6.86

5.21

CU Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															6.34	8.41	4.26	3.22	5.04

CU ROCE % Calculation

CU'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 )
	=	908	/	( ( (17950 - 826)	+	(18500 - 797) )	/ 2 )
	=	908	/	( (17124	+	17703)	/ 2 )
	=	908	/	17413.5
	=	5.21 %

CU'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 )
	=	888	/	( ( (18088 - 532)	+	(18500 - 797) )	/ 2 )
	=	888	/	( ( 17556	+	17703 )	/ 2 )
	=	888	/	17629.5
	=	5.04 %

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

CU (TSX:CIU.PR.C.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.

CU ROCE % Related Terms

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CU (TSX:CIU.PR.C.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CU Inc (TSX:CIU.PR.C.PFD) » Definitions » ROCE %

Comparable Companies

TSXV:OEG TSX:JE TSX:SPB TSX:ACO.Y TSX:EMA TSX:CU.X TSX:BIP.UN

Traded in Other Exchanges

CIU.PR.A.PFD:Canada

Address

5302 Forand Street SW, 4th Floor, West Building, Calgary, AB, CAN, T3E 8B4

Website

https://www.canadianutilities.com

CU Inc is engaged in the transmission and distribution of electricity and natural gas. It operates through Electricity and Natural gas segments. The Electricity segment provides regulated electricity transmission, distribution and related infrastructure solutions in northern and central east Alberta, the Yukon and the Northwest Territories. The Natural Gas segment provides integrated natural gas transmission, distribution and related infrastructure development throughout Alberta and in the Lloydminster area of Saskatchewan.

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