Al Yahtellite Communications Co PJSC (ADX:YAHSAT) ROCE % : 14.10% (As of Dec. 2023)

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What is Al Yahtellite Communications 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. Al Yahtellite Communications Co PJSC's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.10%.

Al Yahtellite Communications Co PJSC ROCE % Historical Data

The historical data trend for Al Yahtellite Communications 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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Al Yahtellite Communications Co PJSC ROCE % Chart

Al Yahtellite Communications Co PJSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.82

4.73

4.44

4.32

7.86

Al Yahtellite Communications Co PJSC Quarterly Data
	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial												8.62	6.58	4.31	6.20	14.10

Al Yahtellite Communications Co PJSC ROCE % Calculation

Al Yahtellite Communications 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 )
	=	497.747	/	( ( (7436.214 - 1165.297)	+	(7303.418 - 906.208) )	/ 2 )
	=	497.747	/	( (6270.917	+	6397.21)	/ 2 )
	=	497.747	/	6334.0635
	=	7.86 %

Al Yahtellite Communications 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 )
	=	900.556	/	( ( (7695.159 - 1321.057)	+	(7303.418 - 906.208) )	/ 2 )
	=	900.556	/	( ( 6374.102	+	6397.21 )	/ 2 )
	=	900.556	/	6385.656
	=	14.10 %

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

Al Yahtellite Communications Co PJSC (ADX:YAHSAT) 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.

Al Yahtellite Communications Co PJSC ROCE % Related Terms

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Al Yahtellite Communications Co PJSC (ADX:YAHSAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Al Yah Satellite Communications Co PJSC (ADX:YAHSAT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abu Dhabi, Al Falah City, ARE

Website

https://www.yahsat.com

Al Yah Satellite Communications Co PJSC is a fixed and mobile satellite services operator offering integrated satellite communications solutions to over 150 countries across Europe, the Middle East, Africa, South America, Asia, and Australasia. It provides multipurpose satellite solutions to both government and commercial for broadband, broadcast, defense, and communications. The segments include the Infrastructure segment, Managed Solutions segment, Mobility Solutions segment, Data Solutions (BCS) segment, and Others. The majority is from the Infrastructure segment, which provides long-term satellite capacity leases, and satellite operation services. Geographically, it generates the majority of its revenue from the United Arab Emirates.

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