Empresas Gasco (XSGO:GASCO) ROCE % : 2.73% (As of Dec. 2023)

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What is Empresas Gasco 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. Empresas Gasco's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.73%.

Empresas Gasco ROCE % Historical Data

The historical data trend for Empresas Gasco'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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Empresas Gasco ROCE % Chart

Empresas Gasco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.77

4.95

24.36

3.71

5.04

Empresas Gasco 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															1.42	1.32	6.91	9.41	2.73

Empresas Gasco ROCE % Calculation

Empresas Gasco'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 )
	=	36714.946	/	( ( (826345.264 - 115010.077)	+	(878539.623 - 132702.528) )	/ 2 )
	=	36714.946	/	( (711335.187	+	745837.095)	/ 2 )
	=	36714.946	/	728586.141
	=	5.04 %

Empresas Gasco'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 )
	=	20266.824	/	( ( (857580.739 - 116704.11)	+	(878539.623 - 132702.528) )	/ 2 )
	=	20266.824	/	( ( 740876.629	+	745837.095 )	/ 2 )
	=	20266.824	/	743356.862
	=	2.73 %

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

Empresas Gasco (XSGO:GASCO) 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.

Empresas Gasco ROCE % Related Terms

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Empresas Gasco (XSGO:GASCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Empresas Gasco SA (XSGO:GASCO) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Santo Domingo, Santiago, CHL, 1061

Website

http://www.empresasgasco.com

Empresas Gasco SA is a Chile-based company operating in the energy field. It offers gas energy solutions through the distribution of liquefied gas, natural gas, and vehicular gas. The businesses of the company include Procurement segment, Segment energy solutions to gas Chile and Segment gas energy solutions international business. The company has operations in Chile and other countries. It provides gas by meter, gas in the pond, and gas in the cylinder.

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