Compania de Transporte de Energia Electrica en Alta Tension Transener ROCE % : 9.99% (As of Mar. 2024)

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What is Compania de Transporte de Energia Electrica en Alta Tension Transener 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. Compania de Transporte de Energia Electrica en Alta Tension Transener's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.99%.

Compania de Transporte de Energia Electrica en Alta Tension Transener ROCE % Historical Data

The historical data trend for Compania de Transporte de Energia Electrica en Alta Tension Transener'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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Compania de Transporte de Energia Electrica en Alta Tension Transener ROCE % Chart

Compania de Transporte de Energia Electrica en Alta Tension Transener Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.72

20.86

6.62

4.54

2.50

Compania de Transporte de Energia Electrica en Alta Tension Transener 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															43.12	11.02	5.56	-11.83	9.99

Compania de Transporte de Energia Electrica en Alta Tension Transener ROCE % Calculation

Compania de Transporte de Energia Electrica en Alta Tension Transener'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 )
	=	33.331	/	( ( (2011.897 - 201.328)	+	(974.347 - 123.52) )	/ 2 )
	=	33.331	/	( (1810.569	+	850.827)	/ 2 )
	=	33.331	/	1330.698
	=	2.50 %

Compania de Transporte de Energia Electrica en Alta Tension Transener'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 )
	=	70.688	/	( ( (974.347 - 123.52)	+	(626.589 - 62.225) )	/ 2 )
	=	70.688	/	( ( 850.827	+	564.364 )	/ 2 )
	=	70.688	/	707.5955
	=	9.99 %

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

Compania de Transporte de Energia Electrica en Alta Tension Transener (OTCPK:TRSNF) 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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Compania de Transporte de Energia Electrica en Alta Tension Transener Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Compania de Transporte de Energia Electrica en Alta Tension Transener SA (OTCPK:TRSNF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TRAN:Argentina

Address

Piso 6, Avenida Paseo Colon 728, Buenos Aires, ARG, C1063ACU

Website

http://www.transener.com.ar

Compania de Transporte de Energia Electrica en Alta Tension Transener SA is a producer and distributor of high-voltage electric power in the Argentine Republic. It also offers lines and substations maintenance and transmission works supervision and inspection, engineering and consulting, transportation system extension, and testing and commissioning services among others.

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