Aguas Andinas (XSGO:AGUAS-A) ROCE % : 12.19% (As of Dec. 2023)

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What is Aguas Andinas 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. Aguas Andinas's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.19%.

Aguas Andinas ROCE % Historical Data

The historical data trend for Aguas Andinas'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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Aguas Andinas ROCE % Chart

Aguas Andinas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.78

7.86

7.62

6.32

10.57

Aguas Andinas 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															11.38	13.98	7.83	8.33	12.19

Aguas Andinas ROCE % Calculation

Aguas Andinas'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 )
	=	220663.122	/	( ( (2379349.56 - 265797.147)	+	(2423347.729 - 361668.126) )	/ 2 )
	=	220663.122	/	( (2113552.413	+	2061679.603)	/ 2 )
	=	220663.122	/	2087616.008
	=	10.57 %

Aguas Andinas'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 )
	=	251108.928	/	( ( (2397337.032 - 340594.569)	+	(2423347.729 - 361668.126) )	/ 2 )
	=	251108.928	/	( ( 2056742.463	+	2061679.603 )	/ 2 )
	=	251108.928	/	2059211.033
	=	12.19 %

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

Aguas Andinas (XSGO:AGUAS-A) 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.

Aguas Andinas ROCE % Related Terms

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Aguas Andinas (XSGO:AGUAS-A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Aguas Andinas SA (XSGO:AGUAS-A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida Presidente Balmaceda No. 1398, 14th Floor, Santiago, CHL

Website

https://www.aguasandinasinversionistas.cl

Aguas Andinas SA delivers water-treatment solutions and other sanitation services under concession arrangements from the Chilean government. The company collects, cleans, and distributes water to residential, commercial, and industrial clients. Also, the company treats and disposes sewage and remnants from the process. Wastewater is decontaminated and used for irrigation systems. Aguas Andinas has two operating segments: water (a majority of total revenue) and nonwater. The company gathers water flowing from the Andes and has plants to transform it into a usable form. It uses tanks and an extensive underground network to distribute water to customers.

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