Light (BSP:LIGT3) ROCE % : 25.74% (As of Dec. 2023)

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What is Light 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. Light's annualized ROCE % for the quarter that ended in Dec. 2023 was 25.74%.

Light ROCE % Historical Data

The historical data trend for Light'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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Light ROCE % Chart

Light Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.15

8.41

2.51

-22.10

12.22

Light 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															-95.26	9.06	12.00	13.08	25.74

Light ROCE % Calculation

Light'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 )
	=	1630.172	/	( ( (24106.103 - 5644.466)	+	(23716.936 - 15504.479) )	/ 2 )
	=	1630.172	/	( (18461.637	+	8212.457)	/ 2 )
	=	1630.172	/	13337.047
	=	12.22 %

Light'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 )
	=	2094.496	/	( ( (23361.884 - 15299.019)	+	(23716.936 - 15504.479) )	/ 2 )
	=	2094.496	/	( ( 8062.865	+	8212.457 )	/ 2 )
	=	2094.496	/	8137.661
	=	25.74 %

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

Light (BSP:LIGT3) 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.

Light ROCE % Related Terms

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Light (BSP:LIGT3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Light SA (BSP:LIGT3) » Definitions » ROCE %

Traded in Other Exchanges

LGSXY:USA

Address

Rua Marechal Floriano, nº 168, block 1 – 2nd floor, Rio de Janeiro, RJ, BRA, 20080-002

Website

https://ri.light.com.br

Light SA is a Brazilian private-public utility of which the state-owned power company, CEMIG, wields a controlling stake. Headquartered in the city of Rio de Janeiro, Light primarily generates, distributes, and trades energy. To do this, the company owns and operates a portfolio of hydroelectric power plants that serve the Brazilian state of Rio de Janeiro. Light derives most of its revenue from the supplying of energy, with network usage and the construction of assets also bringing in substantial amounts of revenue. The vast majority of the company's customers are residential consumers. Larger commercial customers represent the second- largest group.

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