Telecomunicacoes Brasileiras (BSP:TELB3) ROCE % : -4.12% (As of Sep. 2023)

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What is Telecomunicacoes Brasileiras 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. Telecomunicacoes Brasileiras's annualized ROCE % for the quarter that ended in Sep. 2023 was -4.12%.

Telecomunicacoes Brasileiras ROCE % Historical Data

The historical data trend for Telecomunicacoes Brasileiras'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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Telecomunicacoes Brasileiras ROCE % Chart

Telecomunicacoes Brasileiras Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-4.43

-2.79

-0.85

-0.54

2.11

Telecomunicacoes Brasileiras Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															2.58	2.54	6.08	7.73	-4.12

Telecomunicacoes Brasileiras ROCE % Calculation

Telecomunicacoes Brasileiras's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	78.861	/	( ( (4099.054 - 323.71)	+	(4035.411 - 321.615) )	/ 2 )
	=	78.861	/	( (3775.344	+	3713.796)	/ 2 )
	=	78.861	/	3744.57
	=	2.11 %

Telecomunicacoes Brasileiras's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-154.104	/	( ( (4077.335 - 318.549)	+	(4047.242 - 325.046) )	/ 2 )
	=	-154.104	/	( ( 3758.786	+	3722.196 )	/ 2 )
	=	-154.104	/	3740.491
	=	-4.12 %

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

Telecomunicacoes Brasileiras (BSP:TELB3) 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.

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Telecomunicacoes Brasileiras (BSP:TELB3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Telecomunicacoes Brasileiras SA (BSP:TELB3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TELB4:Brazil

Address

Commercial Sector South - Quadra 09 - Bloco B, Rooms 301-405, Building Corporate Park City - Tower B, Brasilia, DF, BRA, 70308200

Website

http://www.telebras.com.br

Telecomunicacoes Brasileiras SA is a Brazil-based company. Along with its subsidiaries, the firm offers telecommunication services in the areas of fixed line and mobile communication and internet access services. Its product portfolio includes IP (Internet Protocol) Telebras, Telebras Point-to-Point, and Telebras MPLS (Multiprotocol Label Switching) Network. The company also provides broadband services and infrastructure support services.

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