Companhia Energética de Minas Gerais (CMIG4.SA) Return on Invested Capital (ROIC)

Price: $10.36
Market Cap: $33.88B
Avg Volume: 13.06M
Country: BR
Industry: Diversified Utilities
Sector: Utilities
Beta: 0.833
52W Range: $9.57-12.56
Website: Companhia Energética de Minas Gerais

Return on Invested Capital (ROIC) Summary

Companhia Energética de Minas Gerais's ROIC measures how effectively the company uses its invested capital to generate profits:

  • Annual: 11.10%
  • Quarterly: 1.98%
  • TTM: 9.86%

What is ROIC?

Return on Invested Capital (ROIC) measures how effectively a company uses its capital from debt and equity to generate profits. ROIC is a useful metric for comparing the efficiency of capital allocation between different companies or across time periods within the same company. A higher ROIC indicates a more efficient use of capital.

Related Metrics

Other important metrics to assess Companhia Energética de Minas Gerais's profitability include:

  • ROE (Return on Equity) - measures the return generated on shareholders' equity:
    • Annual: 25.29%
    • Quarterly: 11.69%
    • TTM: 30.56%
  • ROA (Return on Assets) - measures the return generated on the company's assets:
    • Annual: 10.48%
    • Quarterly: 5.21%
    • TTM: 12.71%

These metrics provide insights into Companhia Energética de Minas Gerais's profitability and efficiency in using its capital and assets to generate returns. Comparing these ratios with industry benchmarks can offer a deeper understanding of the company's performance.

Annual ROIC

11.10%

Quarterly ROIC

1.98%

TTM ROIC

9.86%

Companhia Energética de Minas Gerais Historical ROIC

14.94%14.94%13.45%13.45%11.96%11.96%10.46%10.46%8.97%8.97%7.47%7.47%5.98%5.98%4.48%4.48%2.99%2.99%1.49%1.49%0.00%0.00%ROIC11.10%12.99%11.10%8.00%7.17%4.51%4.47%4.63%8.90%12.95%20152015201620162017201720182018201920192020202020212021202220222023202320242024

Historical ROE

31.98%31.98%28.78%28.78%25.58%25.58%22.39%22.39%19.19%19.19%15.99%15.99%12.79%12.79%9.59%9.59%6.40%6.40%3.20%3.20%0.00%0.00%ROE25.29%18.79%19.28%16.39%20.77%11.66%6.99%2.59%0.00%27.81%20152015201620162017201720182018201920192020202020212021202220222023202320242024

Historical ROA

12.05%12.05%10.85%10.85%9.64%9.64%8.44%8.44%7.23%7.23%6.03%6.03%4.82%4.82%3.62%3.62%2.41%2.41%1.21%1.21%0.00%0.00%ROA10.48%7.62%7.21%5.30%6.26%2.84%2.37%0.80%0.00%8.96%20152015201620162017201720182018201920192020202020212021202220222023202320242024

Companhia Energética de Minas Gerais Historical Profitability Metrics

The table below shows various profitability metrics for each year, with the latest data available for the last fiscal year 2023.

Year ROIC ROE ROA
2023 11.10% 25.29% 10.48%
2022 12.99% 18.79% 7.62%
2021 11.10% 19.28% 7.21%
2020 8.00% 16.39% 5.30%
2019 7.17% 20.77% 6.26%
2018 4.51% 11.66% 2.84%
2017 4.47% 6.99% 2.37%
2016 4.63% 2.59% 0.80%
2015 8.90% 0.00% 0.00%
2014 12.95% 27.81% 8.96%

Related Metrics

Explore detailed financial metrics and analysis for CMIG4.SA.

Financial Analysis
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Returns & Ratios
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