Centrais Eletricas denta Catarina (BSP:CLSC4) Operating Income: R$1,284 Mil (TTM As of Mar. 2026)


BSP:CLSC4 Centrais Eletricas de Santa Catarina SA BSP:CLSC4
62 GF Score
Price R$137.95
GF Value R$101.01
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Centrais Eletricas denta Catarina Operating Income?

Centrais Eletricas denta Catarina BSP:CLSC4 +0.62% 62 Operating Income is R$1,284 Mil as of Mar. 2026. GuruFocus rates BSP:CLSC4 with a GF Score™ of 62/100 and a GF Value™ of R$101.01 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Centrais Eletricas denta Catarina's Operating Income for the three months ended in Mar. 2026 was R$402 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was R$1,284 Mil.

Warning Sign:

Centrais Eletricas de Santa Catarina SA has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Centrais Eletricas denta Catarina's Operating Income for the three months ended in Mar. 2026 was R$402 Mil. Centrais Eletricas denta Catarina's Revenue for the three months ended in Mar. 2026 was R$3,272 Mil. Therefore, Centrais Eletricas denta Catarina's Operating Margin % for the quarter that ended in Mar. 2026 was 12.28%.

Good Sign:

Centrais Eletricas de Santa Catarina SA operating margin is expanding. Margin expansion is usually a good sign.

Centrais Eletricas denta Catarina's 5-Year average Growth Rate for Operating Margin % was 11.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Centrais Eletricas denta Catarina's annualized ROC % for the quarter that ended in Mar. 2026 was 10.21%. Centrais Eletricas denta Catarina's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 148.83%.


Centrais Eletricas denta Catarina  (BSP:CLSC4) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Centrais Eletricas denta Catarina's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1606.944 * ( 1 - 24.86% )/( (11672.395 + 11988.466)/ 2 )
=1207.4577216/11830.4305
=10.21 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=13831.031 - 1674.325 - ( 484.311 - max(0, 2952.505 - 3848.163+484.311))
=11672.395

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=14467.453 - 2154.687 - ( 555.978 - max(0, 3939.34 - 4263.64+555.978))
=11988.466

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Centrais Eletricas denta Catarina's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1590.512/( ( (218.574 + max(873.156, 0)) + (216.225 + max(829.338, 0)) )/ 2 )
=1590.512/( ( 1091.73 + 1045.563 )/ 2 )
=1590.512/1068.6465
=148.83 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2723.359 + 0 + 626.201) - (1674.325 + 0 + 802.079)
=873.156

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2909.567 + 0 + 784.916) - (2154.687 + 0 + 710.458)
=829.338

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Centrais Eletricas denta Catarina's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=401.736/3272.089
=12.28 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Centrais Eletricas denta Catarina Operating Income Related Terms


Centrais Eletricas denta Catarina Operating Income Historical Data

* Premium members only.

The historical data trend for Centrais Eletricas denta Catarina's Operating Income 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.

Centrais Eletricas denta Catarina Operating Income Chart

Centrais Eletricas denta Catarina Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 694.05 655.42 705.00 1,114.54 1,241.93

Centrais Eletricas denta Catarina Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income 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 428.76 335.75 296.41 249.97 401.74
BSP:CLSC4
62GF Score
Centrais Eletricas de Santa Catarina SA BSP:CLSC4
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Centrais Eletricas denta Catarina Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was R$1,284 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of R$1,284 Mil mean?
Centrais Eletricas denta Catarina (BSP:CLSC4) has a Operating Income of R$1,284 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Centrais Eletricas denta Catarina and its competitors.
Is Centrais Eletricas denta Catarina's Operating Income too high?
Centrais Eletricas denta Catarina's current Operating Income is R$1,284 Mil. Overall, Centrais Eletricas denta Catarina has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Centrais Eletricas denta Catarina's Operating Income compare to NEE and SO?
Centrais Eletricas denta Catarina's Operating Income of R$1,284 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Utilities - Regulated company?
A good Operating Income depends on the Utilities - Regulated industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Centrais Eletricas denta Catarina and its competitors. Centrais Eletricas denta Catarina's current Operating Income is R$1,284 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Centrais Eletricas denta Catarina stock overvalued right now?
Based on GuruFocus' analysis, Centrais Eletricas denta Catarina (BSP:CLSC4) is currently considered Significantly Overvalued. The stock's GF Value™ is R$101.01, compared to a current price of R$137.95 — trading 36.6% above its estimated fair value. The current Operating Income is R$1,284 Mil. Centrais Eletricas denta Catarina's overall GF Score™ is 62/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Centrais Eletricas denta Catarina (BSP:CLSC4), the current Operating Income is R$1,284 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Centrais Eletricas denta Catarina (BSP:CLSC4) Overvalued in 2026?

Based on GuruFocus' analysis, Centrais Eletricas denta Catarina stock appears to be overvalued. The current stock price of R$137.95 is trading 36.6% above its estimated GF Value™ of R$101.01. GuruFocus considers Centrais Eletricas denta Catarina to be Significantly Overvalued.

Key valuation signals for BSP:CLSC4:

  • Operating Income: R$1,284 Mil
  • GF Value™: R$101.01 vs. price of R$137.95 (36.6% above fair value)
  • GF Score™: 62/100 with 9 warning signs

No single metric tells the full story. See the BSP:CLSC4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Centrais Eletricas denta Catarina Business Description

Other Exchanges CLSC3:Brazil
Address Avenida Itamarati, 160, Itacorubi neighborhood, Florianopolis, SC, BRA
Centrais Eletricas de Santa Catarina SA is a Brazil-based company. It is engaged in the generation, transmission, and distribution of electric energy. Its segments are Celesc D, and Celesc G. The company, through its subsidiaries, is also engaged in the operation, maintenance, expansion and sale related to its generating complex, formed by hydroelectric power plants established in partnership with private investors.
62GF Score

Get the complete analysis for BSP:CLSC4

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$137.95
Price
R$101.01
GF Value