CGE Transmision (XSGO:CGET) ROCE % : 16.12% (As of Dec. 2023)

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What is CGE Transmision 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. CGE Transmision's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.12%.

CGE Transmision ROCE % Historical Data

The historical data trend for CGE Transmision'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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CGE Transmision ROCE % Chart

CGE Transmision Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

13.08

17.61

CGE Transmision Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial				10.51	21.36	16.32	9.44	16.12

CGE Transmision ROCE % Calculation

CGE Transmision'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 )
	=	128948.524	/	( ( (1241747.928 - 568234.936)	+	(1255571.573 - 464237.725) )	/ 2 )
	=	128948.524	/	( (673512.992	+	791333.848)	/ 2 )
	=	128948.524	/	732423.42
	=	17.61 %

CGE Transmision'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 )
	=	136514.284	/	( ( (1312183.647 - 409810.564)	+	(1255571.573 - 464237.725) )	/ 2 )
	=	136514.284	/	( ( 902373.083	+	791333.848 )	/ 2 )
	=	136514.284	/	846853.4655
	=	16.12 %

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

CGE Transmision (XSGO:CGET) 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.

CGE Transmision ROCE % Related Terms

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CGE Transmision (XSGO:CGET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CGE Transmision SA (XSGO:CGET) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Av. Presidente Riesco 5561, 17th floor, Las Condes, Santiago, CHL

Website

https://www.cgetransmision.cl

CGE Transmision SA engages in electricity transmission. It operates in the electric power transmission sector, mainly in the zonal transmission and dedicated transmission segments. The transmission system is divided into five large segments: National Transmission; Zonal Transmission; Dedicated Transmission; Transmission for development poles; and International Interconnection System.

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