Transportadora de Gas del Norte (BUE:TGNO4) ROCE % : 17.42% (As of Sep. 2024)

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What is Transportadora de Gas del Norte 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. Transportadora de Gas del Norte's annualized ROCE % for the quarter that ended in Sep. 2024 was 17.42%.

Transportadora de Gas del Norte ROCE % Historical Data

The historical data trend for Transportadora de Gas del Norte'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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Transportadora de Gas del Norte ROCE % Chart

Transportadora de Gas del Norte Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.08

8.33

-8.26

-11.82

18.77

Transportadora de Gas del Norte Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-8.49	-8.59	-40.23	20.01	17.42

Transportadora de Gas del Norte ROCE % Calculation

Transportadora de Gas del Norte'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 )
	=	93426.588	/	( ( (509147.15 - 17272.339)	+	(629890.031 - 126285.669) )	/ 2 )
	=	93426.588	/	( (491874.811	+	503604.362)	/ 2 )
	=	93426.588	/	497739.5865
	=	18.77 %

Transportadora de Gas del Norte's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	137364.416	/	( ( (846250.052 - 101564.255)	+	(980234.435 - 147443.878) )	/ 2 )
	=	137364.416	/	( ( 744685.797	+	832790.557 )	/ 2 )
	=	137364.416	/	788738.177
	=	17.42 %

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

Transportadora de Gas del Norte (BUE:TGNO4) 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.

Transportadora de Gas del Norte ROCE % Related Terms

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Transportadora de Gas del Norte Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Transportadora de Gas del Norte SA (BUE:TGNO4) » Definitions » ROCE %

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Address

Avenida del Libertador, 22nd floor, Buenos Aires, ARG, 7208

Website

https://www.tgn.com.ar

Transportadora de Gas del Norte SA is an Argentina-based company. It is active in the distribution of natural gas. The Company operates a pipeline network of more than 6,788 kilometers. Its gas transportation system comprises two main pipelines: The Northern Pipeline, which begins in the province of Salta, and the Central Western Pipeline, which starts in the Province of Neuquen. The services offered by the company include Gas transportation and providing operation, maintenance and technical assistance of third-party pipelines.

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