Companhia Deneamento Basico Do Estado Deo Paulo (Companhia Deneamento Basico Do Estado Deo Paulo) ROCE % : 13.11% (As of Sep. 2023)

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What is Companhia Deneamento Basico Do Estado Deo Paulo 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. Companhia Deneamento Basico Do Estado Deo Paulo's annualized ROCE % for the quarter that ended in Sep. 2023 was 13.11%.

Companhia Deneamento Basico Do Estado Deo Paulo ROCE % Historical Data

The historical data trend for Companhia Deneamento Basico Do Estado Deo Paulo'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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Companhia Deneamento Basico Do Estado Deo Paulo ROCE % Chart

Companhia Deneamento Basico Do Estado Deo Paulo Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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11.16

13.28

4.39

8.05

11.54

Companhia Deneamento Basico Do Estado Deo Paulo Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															11.84	7.72	11.67	11.22	13.11

Companhia Deneamento Basico Do Estado Deo Paulo ROCE % Calculation

Companhia Deneamento Basico Do Estado Deo Paulo's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	1046.771	/	( ( (9401.667 - 900.622)	+	(10906.273 - 1269.177) )	/ 2 )
	=	1046.771	/	( (8501.045	+	9637.096)	/ 2 )
	=	1046.771	/	9069.0705
	=	11.54 %

Companhia Deneamento Basico Do Estado Deo Paulo's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	1378.448	/	( ( (11837.077 - 1328.878)	+	(11942.797 - 1429.375) )	/ 2 )
	=	1378.448	/	( ( 10508.199	+	10513.422 )	/ 2 )
	=	1378.448	/	10510.8105
	=	13.11 %

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

Companhia Deneamento Basico Do Estado Deo Paulo (NYSE:SBS) 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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Companhia Deneamento Basico Do Estado Deo Paulo (Companhia Deneamento Basico Do Estado Deo Paulo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Companhia De Saneamento Basico Do Estado De Sao Paulo (NYSE:SBS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SAJA:Germany SBSP3:Brazil SBS:Argentina

Address

Rua Costa Carvalho, 300, Sao Paulo, SP, BRA, 05429-900

Website

https://www.sabesp.com.br

Companhia De Saneamento Basico Do Estado De Sao Paulo is Brazilian water and waste management company. SABESP is one of the largest waste management companies in the world, and the state of Sao Paulo is the company's majority stakeholder. The company generates revenue through exclusive long-term agreements with municipal governments. It is not uncommon for SABESP to serve the vast majority of the market. The company operates in a single segment, which is Sanitation services.