Compania Electrica del Litoral (XSGO:LITORAL) ROCE % : 39.03% (As of Dec. 2023)

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What is Compania Electrica del Litoral 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 Electrica del Litoral's annualized ROCE % for the quarter that ended in Dec. 2023 was 39.03%.

Compania Electrica del Litoral ROCE % Historical Data

The historical data trend for Compania Electrica del Litoral'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 Electrica del Litoral ROCE % Chart

Compania Electrica del Litoral Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.39

3.35

12.57

9.63

15.28

Compania Electrica del Litoral 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															4.12	9.00	6.04	6.49	39.03

Compania Electrica del Litoral ROCE % Calculation

Compania Electrica del Litoral'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 )
	=	4427.232	/	( ( (33782.568 - 6989.747)	+	(39768.069 - 8594.359) )	/ 2 )
	=	4427.232	/	( (26792.821	+	31173.71)	/ 2 )
	=	4427.232	/	28983.2655
	=	15.28 %

Compania Electrica del Litoral'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 )
	=	11784.12	/	( ( (36119.879 - 6904.964)	+	(39768.069 - 8594.359) )	/ 2 )
	=	11784.12	/	( ( 29214.915	+	31173.71 )	/ 2 )
	=	11784.12	/	30194.3125
	=	39.03 %

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

Compania Electrica del Litoral (XSGO:LITORAL) 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.

Compania Electrica del Litoral ROCE % Related Terms

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Compania Electrica del Litoral (XSGO:LITORAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Compania Electrica del Litoral SA (XSGO:LITORAL) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

San Sebastian, Oficina 202, Las Condes, Santiago, CHL, 2952

Website

http://www.litoral.cl

Compania Electrica del Litoral SA generates, distributes and supplies electric energy in Chile and internationally. Additionally it also provides services related to the construction of electric works and involves in the retail of household appliances. It also has other commercial and investment activities.

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