Naturgy Chile Gas Natural (XSGO:NTGCLGAS) ROCE % : -1.04% (As of Mar. 2024)

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What is Naturgy Chile Gas Natural 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. Naturgy Chile Gas Natural's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.04%.

Naturgy Chile Gas Natural ROCE % Historical Data

The historical data trend for Naturgy Chile Gas Natural'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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Naturgy Chile Gas Natural ROCE % Chart

Naturgy Chile Gas Natural Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.70

7.19

6.63

0.47

10.55

Naturgy Chile Gas Natural Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															7.85	11.53	13.47	8.32	-1.04

Naturgy Chile Gas Natural ROCE % Calculation

Naturgy Chile Gas Natural'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 )
	=	247998.803	/	( ( (2560352.778 - 222100.253)	+	(2586979.886 - 223860.694) )	/ 2 )
	=	247998.803	/	( (2338252.525	+	2363119.192)	/ 2 )
	=	247998.803	/	2350685.8585
	=	10.55 %

Naturgy Chile Gas Natural's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-24845.02	/	( ( (2586979.886 - 223860.694)	+	(2647225.562 - 226951.49) )	/ 2 )
	=	-24845.02	/	( ( 2363119.192	+	2420274.072 )	/ 2 )
	=	-24845.02	/	2391696.632
	=	-1.04 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Naturgy Chile Gas Natural (XSGO:NTGCLGAS) 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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Naturgy Chile Gas Natural (XSGO:NTGCLGAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Naturgy Chile Gas Natural SA (XSGO:NTGCLGAS) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Av. Presidente Riesco 5561, 17th Floor, Las Condes, Santiago, CHL, 8340434

Website

http://www.cge.cl

Naturgy Chile Gas Natural SA Formerly CGE Gas Natural SA engages in the generation, distribution, and maintenance of electricity. The company also sells liquefied gas and natural gas in Chile, Colombia, and Argentina.

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