Emirates Telecommunications Group Co PJSC (ADX:EAND) ROCE % : 14.02% (As of Dec. 2023)

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What is Emirates Telecommunications Group Co PJSC 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. Emirates Telecommunications Group Co PJSC's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.02%.

Emirates Telecommunications Group Co PJSC ROCE % Historical Data

The historical data trend for Emirates Telecommunications Group Co PJSC'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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Emirates Telecommunications Group Co PJSC ROCE % Chart

Emirates Telecommunications Group Co PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.04

15.64

16.83

16.81

17.81

Emirates Telecommunications Group Co PJSC 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															13.88	16.92	18.72	21.53	14.02

Emirates Telecommunications Group Co PJSC ROCE % Calculation

Emirates Telecommunications Group Co PJSC'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 )
	=	15747.981	/	( ( (145085.305 - 63433.154)	+	(146904.255 - 51667.792) )	/ 2 )
	=	15747.981	/	( (81652.151	+	95236.463)	/ 2 )
	=	15747.981	/	88444.307
	=	17.81 %

Emirates Telecommunications Group Co PJSC'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 )
	=	13071.152	/	( ( (139510.134 - 48239.03)	+	(146904.255 - 51667.792) )	/ 2 )
	=	13071.152	/	( ( 91271.104	+	95236.463 )	/ 2 )
	=	13071.152	/	93253.7835
	=	14.02 %

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

Emirates Telecommunications Group Co PJSC (ADX:EAND) 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.

Emirates Telecommunications Group Co PJSC ROCE % Related Terms

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Emirates Telecommunications Group Co PJSC (ADX:EAND) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Emirates Telecommunications Group Co PJSC (ADX:EAND) » Definitions » ROCE %

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Address

Sheikh Rashid Bin Saeed Al Maktoum Street, P.O. Box 3838, Etisalat Building, Intersection of Zayed The 1st Street, Abu Dhabi, ARE

Website

https://www.etisalat.ae

Emirates Telecommunications Group Co PJSC is a telecommunications company. Through its subsidiaries, the company provides telecommunication and consulting services, media services, and equipment to over 15 countries in Asia and Africa. Etisalat specializes in fixed-line services, voice communication, wireless communication, and data communication services.

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