Empresa Electrica de Magallanes (XSGO:EDELMAG) ROCE % : 21.95% (As of Dec. 2023)

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What is Empresa Electrica de Magallanes 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. Empresa Electrica de Magallanes's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.95%.

Empresa Electrica de Magallanes ROCE % Historical Data

The historical data trend for Empresa Electrica de Magallanes'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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Empresa Electrica de Magallanes ROCE % Chart

Empresa Electrica de Magallanes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.20

22.22

19.59

18.29

24.04

Empresa Electrica de Magallanes Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															20.83	10.07	29.40	25.20	21.95

Empresa Electrica de Magallanes ROCE % Calculation

Empresa Electrica de Magallanes'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 )
	=	14128.622	/	( ( (77390.694 - 13068.167)	+	(95694.58 - 42476.661) )	/ 2 )
	=	14128.622	/	( (64322.527	+	53217.919)	/ 2 )
	=	14128.622	/	58770.223
	=	24.04 %

Empresa Electrica de Magallanes'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	12001.064	/	( ( (90578.173 - 34430.497)	+	(95694.58 - 42476.661) )	/ 2 )
	=	12001.064	/	( ( 56147.676	+	53217.919 )	/ 2 )
	=	12001.064	/	54682.7975
	=	21.95 %

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

Empresa Electrica de Magallanes (XSGO:EDELMAG) 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.

Empresa Electrica de Magallanes ROCE % Related Terms

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Empresa Electrica de Magallanes (XSGO:EDELMAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Empresa Electrica de Magallanes SA (XSGO:EDELMAG) » Definitions » ROCE %

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Address

Croacia Numero 444, Punta Arenas, CHL, 621-2667

Website

http://www.edelmag.cl

Empresa Electrica de Magallanes SA is a Chile based firm. It is engaged in the generation, transmission, distribution and supply of electricity. The Company operates in the XII Region, with the provision of its services to the Magellan land and Chilean Antarctic, serving the communities of Punta Arenas.

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