Asiacell Communications PJSC (IQS:TASC) ROCE % : 0.00% (As of . 20)

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What is Asiacell Communications 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. Asiacell Communications PJSC's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Asiacell Communications PJSC ROCE % Historical Data

The historical data trend for Asiacell Communications 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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Asiacell Communications PJSC ROCE % Chart

Asiacell Communications PJSC Annual Data

Trend

ROCE %

Asiacell Communications PJSC Quarterly Data

ROCE %

Asiacell Communications PJSC ROCE % Calculation

Asiacell Communications PJSC's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Asiacell Communications PJSC's ROCE % of for the quarter that ended in . 20 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

(1) Note: The EBIT data used here is four times the quarterly (. 20) EBIT data.

Asiacell Communications PJSC (IQS:TASC) 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.

Asiacell Communications PJSC ROCE % Related Terms

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Asiacell Communications PJSC (IQS:TASC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Asiacell Communications PJSC (IQS:TASC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bakhtiyari Street, Near Best Inn Hotel, Erbil, IRQ

Website

https://www.asiacell.com

Asiacell Communications PJSC is a provider of mobile telecommunications services in Iraq. The company offers prepaid and postpaid services to corporate and individual subscribers through a network of distributors across Iraq. It also provides network communication systems, USB modems, and machine-to-machine shared data packages.

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