CIE CI (XBRV:CIEC) ROCE % : 15.27% (As of Dec. 2023)

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What is CIE CI 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. CIE CI's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.27%.

CIE CI ROCE % Historical Data

The historical data trend for CIE CI'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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CIE CI ROCE % Chart

CIE CI Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.42

46.56

19.71

14.87

15.27

CIE CI Semi-Annual Data
	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial									10.42	46.56	19.71	14.87	15.27

CIE CI ROCE % Calculation

CIE CI'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 )
	=	17660	/	( ( (524294 - 409011)	+	(573935 - 457853) )	/ 2 )
	=	17660	/	( (115283	+	116082)	/ 2 )
	=	17660	/	115682.5
	=	15.27 %

CIE CI's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	17660	/	( ( (524294 - 409011)	+	(573935 - 457853) )	/ 2 )
	=	17660	/	( ( 115283	+	116082 )	/ 2 )
	=	17660	/	115682.5
	=	15.27 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

CIE CI (XBRV:CIEC) 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.

CIE CI ROCE % Related Terms

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CIE CI Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CIE CI (XBRV:CIEC) » Definitions » ROCE %

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Address

1, Avenue Christiani Treichville, Abidjan, CIV, BP 6923

Website

https://www.cie.ci

CIE CI is engaged in the production, transportation, export, import, distribution and marketing of electricity across the territory of Cote d'Ivoire, and the sub-west African region.

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