Econet Wireless Zimbabwe (XZIM:ECO.ZW) ROCE % : 20.80% (As of Aug. 2023)

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What is Econet Wireless Zimbabwe 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. Econet Wireless Zimbabwe's annualized ROCE % for the quarter that ended in Aug. 2023 was 20.80%.

Econet Wireless Zimbabwe ROCE % Historical Data

The historical data trend for Econet Wireless Zimbabwe'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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Econet Wireless Zimbabwe ROCE % Chart

Econet Wireless Zimbabwe Annual Data

Trend

Feb09

Feb11

Feb12

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

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0.28

-8.87

4.28

38.90

3.38

Econet Wireless Zimbabwe Semi-Annual Data
	Feb11	Aug11	Feb12	Aug12	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
ROCE %	Get a 7-Day Free Trial										90.81	42.07	16.56	-4.86	20.80

Econet Wireless Zimbabwe ROCE % Calculation

Econet Wireless Zimbabwe's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	13697.259	/	( ( (340819.471 - 57058.126)	+	(709022.033 - 183037.562) )	/ 2 )
	=	13697.259	/	( (283761.345	+	525984.471)	/ 2 )
	=	13697.259	/	404872.908
	=	3.38 %

Econet Wireless Zimbabwe's ROCE % of for the quarter that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	310292	/	( ( (709022.033 - 183037.562)	+	(3317261 - 859289) )	/ 2 )
	=	310292	/	( ( 525984.471	+	2457972 )	/ 2 )
	=	310292	/	1491978.2355
	=	20.80 %

(1) Note: The EBIT data used here is two times the semi-annual (Aug. 2023) EBIT data.

Econet Wireless Zimbabwe (XZIM:ECO.ZW) 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.

Econet Wireless Zimbabwe ROCE % Related Terms

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Econet Wireless Zimbabwe (XZIM:ECO.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Econet Wireless Zimbabwe Ltd (XZIM:ECO.ZW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Old Mutare Road, Econet Park, Msasa, Harare, ZWE

Website

http://www.econet.co.zw

Econet Wireless Zimbabwe Ltd is a holding company. It operates in the following segments: Cellular Network Operations, which provides cellular network services Investments & Administrations, which is the investment vehicle. The Cellular Network Operations generate maximum revenue for the company. Geographically the company offers its services only in the Zimbabwe region.

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