Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Gross-Profit-to-Asset % : 19.08% (As of Sep. 2023)

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What is Cia Energetica DE Minas Gerais - Cemig Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Cia Energetica DE Minas Gerais - Cemig's annualized Gross Profit for the quarter that ended in Sep. 2023 was $2,157 Mil. Cia Energetica DE Minas Gerais - Cemig's average Total Assets over the quarter that ended in Sep. 2023 was $11,305 Mil. Therefore, Cia Energetica DE Minas Gerais - Cemig's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2023 was 19.08%.

Cia Energetica DE Minas Gerais - Cemig Gross-Profit-to-Asset % Historical Data

The historical data trend for Cia Energetica DE Minas Gerais - Cemig's Gross-Profit-to-Asset % 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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Cia Energetica DE Minas Gerais - Cemig Gross-Profit-to-Asset % Chart

Cia Energetica DE Minas Gerais - Cemig Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross-Profit-to-Asset %

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8.39

10.30

9.17

12.06

13.36

Cia Energetica DE Minas Gerais - Cemig Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															15.65	17.83	13.33	15.39	19.08

Competitive Comparison of Cia Energetica DE Minas Gerais - Cemig's Gross-Profit-to-Asset %

For the Utilities - Diversified subindustry, Cia Energetica DE Minas Gerais - Cemig's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cia Energetica DE Minas Gerais - Cemig's Gross-Profit-to-Asset % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Cia Energetica DE Minas Gerais - Cemig's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Cia Energetica DE Minas Gerais - Cemig's Gross-Profit-to-Asset % falls into.

Cia Energetica DE Minas Gerais - Cemig Gross-Profit-to-Asset % Calculation

Cia Energetica DE Minas Gerais - Cemig's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2022 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2022 )	/	( (Total Assets (A: Dec. 2021 )	+	Total Assets (A: Dec. 2022 ))	/ count )
	=	1298.662	/	( (9203.699	+	10232.013)	/ 2 )
	=	1298.662	/	9717.856
	=	13.36 %

Cia Energetica DE Minas Gerais - Cemig's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	2156.696	/	( (11237.42	+	11372.223)	/ 2 )
	=	2156.696	/	11304.8215
	=	19.08 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Sep. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Cia Energetica DE Minas Gerais - Cemig Gross-Profit-to-Asset % Related Terms

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Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

CIG.C:USA CIGN:Mexico XCMIG:Spain CIDS:Germany CIDA:Germany CID:Germany CIDA:Germany CID:Germany CMIG4:Brazil CMIG3:Brazil

Address

Avenida Barbacena, 1200, Belo Horizonte, MG, BRA, 30190-131

Website

https://www.cemig.com.br

Cia Energetica DE Minas Gerais - Cemig Formerly Energy Company of Minas Gerais is a Brazilian power company that generates, transmits, and distributes electricity. As one of the largest power companies in Brazil, the firm operates across most Brazilian states and Chile. The company has various subsidiaries and operates chiefly through its generation, transmission, distribution, and gas segments. The majority of the company's revenue is derived from electricity sales to consumers. The company generates power primarily through hydroelectric resources and secondarily through thermal and wind resources.