Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT (BSP:EEEL4) ROCE % : 6.14% (As of Sep. 2021)

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What is Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT 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. Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT's annualized ROCE % for the quarter that ended in Sep. 2021 was 6.14%.

Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT ROCE % Historical Data

The historical data trend for Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT'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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Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT ROCE % Chart

Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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38.36

10.80

5.86

13.49

8.71

Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Sep21
ROCE %	Get a 7-Day Free Trial															23.93	8.89	25.98	11.55	6.14

Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT ROCE % Calculation

Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	426.968	/	( ( (5286.47 - 510.778)	+	(5576.557 - 543.225) )	/ 2 )
	=	426.968	/	( (4775.692	+	5033.332)	/ 2 )
	=	426.968	/	4904.512
	=	8.71 %

Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT's ROCE % of for the quarter that ended in Sep. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2021 )		(Q: Mar. 2021 )		(Q: Sep. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2021 )		(Q: Mar. 2021 )		(Q: Sep. 2021 )
	=	286.564	/	( ( (5756.762 - 497.583)	+	(4440.127 - 361.155) )	/ 2 )
	=	286.564	/	( ( 5259.179	+	4078.972 )	/ 2 )
	=	286.564	/	4669.0755
	=	6.14 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2021) EBIT data.

Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT (BSP:EEEL4) 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.

Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT ROCE % Related Terms

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Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT (BSP:EEEL4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT (BSP:EEEL4) » Definitions » ROCE %

Comparable Companies

XKLS:3069 MIC:IRGZ SZSE:000531 SZSE:002039 LIM:ENDISPC1 MIC:LSNG SHSE:600292 SZSE:000601 SZSE:000899 SHSE:600780

Traded in Other Exchanges

N/A

Address

Avenue Joaquim Porto Villanova, 201 - Prédio A, Bairro Jardim Carvalho, Porto Alegre, RS, BRA, 91410-400

Website

http://www.ceee.com.br

Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT operates in an energy sector. Its business activities include generation, transmission, distribution and sale of electricity and related services. The company operates hydroelectric plants, substations, and long transmission lines.

Companhia Estadual de Geracao e Transmissao de Energia Eletrica CEEE-GT (BSP:EEEL4) Headlines

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