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Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Return-on-Tangible-Equity : 30.13% (As of Mar. 2025)


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What is Compania deneamento de Minas Gerais - COPASA MG Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Compania deneamento de Minas Gerais - COPASA MG's annualized net income for the quarter that ended in Mar. 2025 was R$1,714 Mil. Compania deneamento de Minas Gerais - COPASA MG's average shareholder tangible equity for the quarter that ended in Mar. 2025 was R$5,690 Mil. Therefore, Compania deneamento de Minas Gerais - COPASA MG's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2025 was 30.13%.

The historical rank and industry rank for Compania deneamento de Minas Gerais - COPASA MG's Return-on-Tangible-Equity or its related term are showing as below:

BSP:CSMG3' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -2.98   Med: 14.94   Max: 28
Current: 24.34

During the past 13 years, Compania deneamento de Minas Gerais - COPASA MG's highest Return-on-Tangible-Equity was 28.00%. The lowest was -2.98%. And the median was 14.94%.

BSP:CSMG3's Return-on-Tangible-Equity is ranked better than
80.08% of 492 companies
in the Utilities - Regulated industry
Industry Median: 10.64 vs BSP:CSMG3: 24.34

Compania deneamento de Minas Gerais - COPASA MG Return-on-Tangible-Equity Historical Data

The historical data trend for Compania deneamento de Minas Gerais - COPASA MG's Return-on-Tangible-Equity 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.

Compania deneamento de Minas Gerais - COPASA MG Return-on-Tangible-Equity Chart

Compania deneamento de Minas Gerais - COPASA MG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.30 19.69 28.00 23.82 22.62

Compania deneamento de Minas Gerais - COPASA MG Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Return-on-Tangible-Equity 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 23.79 22.51 26.07 18.98 30.13

Competitive Comparison of Compania deneamento de Minas Gerais - COPASA MG's Return-on-Tangible-Equity

For the Utilities - Regulated Water subindustry, Compania deneamento de Minas Gerais - COPASA MG's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Compania deneamento de Minas Gerais - COPASA MG's Return-on-Tangible-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Compania deneamento de Minas Gerais - COPASA MG's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Compania deneamento de Minas Gerais - COPASA MG's Return-on-Tangible-Equity falls into.


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Compania deneamento de Minas Gerais - COPASA MG Return-on-Tangible-Equity Calculation

Compania deneamento de Minas Gerais - COPASA MG's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=1316.92/( (5872.557+5773.21 )/ 2 )
=1316.92/5822.8835
=22.62 %

Compania deneamento de Minas Gerais - COPASA MG's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=1714.036/( (5773.21+5606.137)/ 2 )
=1714.036/5689.6735
=30.13 %

* 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.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2025) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Compania deneamento de Minas Gerais - COPASA MG  (BSP:CSMG3) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Compania deneamento de Minas Gerais - COPASA MG Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Compania deneamento de Minas Gerais - COPASA MG's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Compania deneamento de Minas Gerais - COPASA MG Business Description

Traded in Other Exchanges
N/A
Address
Rua Mar de Espanha 525, Santo Antonio, Belo Horizonte, MG, BRA, 30330900
Compania de Saneamento de Minas Gerais - COPASA MG provides water supply, sewage, and solid waste services. The company operates out of subsidiaries COPASA Servicos de Irrigacao S.A., COPASA Aguas Minerais de Minas S.A, and COPANOR. COPASA Servicos de Irrigacao S.A. manages, performs, and sells irrigation system services. COPASA Aguas Minerais de Minas S.A. produces, bottles, distributes, and sells mineral water. COPANOR provides water supply and sewage treatment services across the North and Northeast regions of the State of Minas Gerais. A majority of revenue is derived from water services while the rest is derived from sewage services. The company operates out of Brazil, where an amount of revenue is generated.

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