CIA de Gas deo Paulo - COMGAS (BSP:CGAS5) ROCE % : 176.93% (As of Dec. 2023)

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What is CIA de Gas deo Paulo - COMGAS 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. CIA de Gas deo Paulo - COMGAS's annualized ROCE % for the quarter that ended in Dec. 2023 was 176.93%.

CIA de Gas deo Paulo - COMGAS ROCE % Historical Data

The historical data trend for CIA de Gas deo Paulo - COMGAS'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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CIA de Gas deo Paulo - COMGAS ROCE % Chart

CIA de Gas deo Paulo - COMGAS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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38.21

32.25

42.94

36.69

29.78

CIA de Gas deo Paulo - COMGAS 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															33.38	43.88	27.44	155.83	176.93

CIA de Gas deo Paulo - COMGAS ROCE % Calculation

CIA de Gas deo Paulo - COMGAS'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 )
	=	2781.351	/	( ( (12664.111 - 3844.998)	+	(13738.834 - 3877.44) )	/ 2 )
	=	2781.351	/	( (8819.113	+	9861.394)	/ 2 )
	=	2781.351	/	9340.2535
	=	29.78 %

CIA de Gas deo Paulo - COMGAS'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 )
	=	4188.288	/	( ( (0 - 5127.123)	+	(13738.834 - 3877.44) )	/ 2 )
	=	4188.288	/	( ( -5127.123	+	9861.394 )	/ 2 )
	=	4188.288	/	2367.1355
	=	176.93 %

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

CIA de Gas deo Paulo - COMGAS (BSP:CGAS5) 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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CIA de Gas deo Paulo - COMGAS (BSP:CGAS5) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CIA de Gas de Sao Paulo - COMGAS (BSP:CGAS5) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CGAS3:Brazil

Address

Brigadeiro Faria Lima Avenue, 4,100 / 4th floor, Itaim Bibi, SP, BRA, 04538-132

Website

http://www.comgas.com.br

CIA de Gas de Sao Paulo - COMGAS distributes piped natural gas in part of the State of Sao Paulo for consumers in the industrial, residential, commercial, automotive, thermal generation and cogeneration sectors.

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