Airtel Africa (NSA:AIRTELAFRI) ROCE % : 0.14% (As of Mar. 2024)

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What is Airtel Africa 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. Airtel Africa's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.14%.

Airtel Africa ROCE % Historical Data

The historical data trend for Airtel Africa'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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Airtel Africa ROCE % Chart

Airtel Africa Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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13.97

15.05

22.27

18.76

6.25

Airtel Africa Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															16.24	-5.52	21.12	11.20	0.14

Airtel Africa ROCE % Calculation

Airtel Africa's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	599170.342	/	( ( (15967389.117 - 5107962.917)	+	(14101238.052 - 5785783.304) )	/ 2 )
	=	599170.342	/	( (10859426.2	+	8315454.748)	/ 2 )
	=	599170.342	/	9587440.474
	=	6.25 %

Airtel Africa's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	11440.008	/	( ( (13798077.879 - 5408263.088)	+	(14101238.052 - 5785783.304) )	/ 2 )
	=	11440.008	/	( ( 8389814.791	+	8315454.748 )	/ 2 )
	=	11440.008	/	8352634.7695
	=	0.14 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Airtel Africa (NSA:AIRTELAFRI) 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.

Airtel Africa ROCE % Related Terms

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Airtel Africa (NSA:AIRTELAFRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Airtel Africa PLC (NSA:AIRTELAFRI) » Definitions » ROCE %

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AARTY:USA AAFRF:USA AAFl:UK AAF:UK 9AA:Germany

Address

53/54 Grosvenor Street, First Floor, London, GBR, W1K 3HU

Website

https://www.airtel.africa.com

Airtel Africa PLC is engaged in providing affordable and innovative mobile services. The company's segment includes Nigeria mobile services; East Africa mobile services; Francophone Africa mobile services; Mobile money and others. It generates maximum revenue from the Nigeria mobile services segment. Nigeria mobile services segment comprising of mobile service operations in Nigeria.

Airtel Africa (NSA:AIRTELAFRI) Headlines

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