Bharti Airtel (NSE:BHARTIARTL) ROCE % : 13.81% (As of Dec. 2023)

View and export this data going back to 2002. Start your Free Trial

What is Bharti Airtel 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. Bharti Airtel's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.81%.

Bharti Airtel ROCE % Historical Data

The historical data trend for Bharti Airtel'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.

* Premium members only.

Bharti Airtel ROCE % Chart

Bharti Airtel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

4.13

-17.13

-0.89

10.63

10.75

Bharti Airtel 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															10.76	6.47	9.24	11.54	13.81

Bharti Airtel ROCE % Calculation

Bharti Airtel's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	308562	/	( ( (3636560 - 1140260)	+	(4466332 - 1219638) )	/ 2 )
	=	308562	/	( (2496300	+	3246694)	/ 2 )
	=	308562	/	2871497
	=	10.75 %

Bharti Airtel'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 )
	=	430132	/	( ( (4420961 - 1315908)	+	(4456927 - 1333210) )	/ 2 )
	=	430132	/	( ( 3105053	+	3123717 )	/ 2 )
	=	430132	/	3114385
	=	13.81 %

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

Bharti Airtel (NSE:BHARTIARTL) 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.

Bharti Airtel ROCE % Related Terms

Thank you for viewing the detailed overview of Bharti Airtel's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Bharti Airtel (NSE:BHARTIARTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Bharti Airtel Ltd (NSE:BHARTIARTL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

890157:India E1AIRTELPP:India 532454:India

Address

1, Nelson Mandela Road, Bharti Crescent, Phase II, Vasant Kunj, New Delhi, IND, 110 070

Website

https://www.airtel.com

Bharti Airtel Ltd is a telecommunications company. The company's segment includes Mobile Services India; Mobile Services Africa; Mobile Services South Asia; Airtel Business; Tower Infrastructure Services; Homes Services; Digital TV Services and others. It generates maximum revenue from the Mobile Services India segment. Mobile Services India services cover voice and data telecom services provided through wireless technology (2G / 3G / 4G) in India. It includes the captive national long distance networks which primarily provide connectivity to the mobile services business in India. It also includes intra-city fibre networks.

Bharti Airtel (NSE:BHARTIARTL) Headlines

No Headlines