Telenor ASA (OSTO:TELO) ROCE % : -12.51% (As of Dec. 2023)

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What is Telenor ASA 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. Telenor ASA's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.51%.

Telenor ASA ROCE % Historical Data

The historical data trend for Telenor ASA'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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Telenor ASA ROCE % Chart

Telenor ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.04

14.90

9.02

6.40

2.52

Telenor ASA 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															7.23	1.45	8.14	12.38	-12.51

Telenor ASA ROCE % Calculation

Telenor ASA'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 )
	=	4507	/	( ( (239249 - 53777)	+	(218377 - 45990) )	/ 2 )
	=	4507	/	( (185472	+	172387)	/ 2 )
	=	4507	/	178929.5
	=	2.52 %

Telenor ASA'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 )
	=	-21948	/	( ( (223460 - 44831)	+	(218377 - 45990) )	/ 2 )
	=	-21948	/	( ( 178629	+	172387 )	/ 2 )
	=	-21948	/	175508
	=	-12.51 %

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

Telenor ASA (OSTO:TELo) 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.

Telenor ASA ROCE % Related Terms

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Telenor ASA (OSTO:TELO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Telenor ASA (OSTO:TELo) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TELNY:USA TELNF:USA TEL:Norway TELo:UK 0G8C:UK TEQ:Germany

Address

Snaroyveien 30, Fornebu, NOR, N-1360

Website

https://www.telenor.com

Telenor is an international provider of telecom, data, and media communication services. It is the incumbent dominant telecom operator in Norway and the Norwegian government holds a stake of more than 50% in the firm. Telenor also operates in other Nordic countries and owns several businesses in Asia. Most of Telenor's operations are mobile businesses, although it also has some fixed-line operations in Nordic European countries.

Telenor ASA (OSTO:TELO) Headlines

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