Bezeq The Israeli Telecommunication (Bezeq The Israeli Telecommunication) ROCE % : 15.11% (As of Dec. 2023)

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What is Bezeq The Israeli Telecommunication 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. Bezeq The Israeli Telecommunication's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.11%.

Bezeq The Israeli Telecommunication ROCE % Historical Data

The historical data trend for Bezeq The Israeli Telecommunication'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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Bezeq The Israeli Telecommunication ROCE % Chart

Bezeq The Israeli Telecommunication Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.43

14.71

18.50

15.87

18.27

Bezeq The Israeli Telecommunication 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															9.39	18.44	19.45	16.71	15.11

Bezeq The Israeli Telecommunication ROCE % Calculation

Bezeq The Israeli Telecommunication'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 )
	=	493.404	/	( ( (3608.255 - 950.759)	+	(3733.624 - 990.037) )	/ 2 )
	=	493.404	/	( (2657.496	+	2743.587)	/ 2 )
	=	493.404	/	2700.5415
	=	18.27 %

Bezeq The Israeli Telecommunication'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 )
	=	425.072	/	( ( (4005.615 - 1123.208)	+	(3733.624 - 990.037) )	/ 2 )
	=	425.072	/	( ( 2882.407	+	2743.587 )	/ 2 )
	=	425.072	/	2812.997
	=	15.11 %

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

Bezeq The Israeli Telecommunication (OTCPK:BZQIY) 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.

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Bezeq The Israeli Telecommunication (Bezeq The Israeli Telecommunication) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Bezeq The Israeli Telecommunication Corp Ltd (OTCPK:BZQIY) » Definitions » ROCE %

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BEZQ:Israel

Address

132 Menachem Begin Avenue, Azrieli Center, (Triangle Tower), 27th Floor, Tel Aviv, ISR, 61620

Website

https://www.bezeq.co.il

Bezeq The Israeli Telecommunication Corp Ltd is a triple-play telecommunications company. The company generates revenue through the provision of mobile, broadband, and data. It operates through four business segments: Bezeq, Pelephone, Bezeq International, and DBS Satellite Services. The Bezeq segment generates revenue from fixed-line communications and contributes the majority of overall company revenue. Pelephone derives revenue from the provision of mobile services. Bezeq International and DBS Satellite Services produce revenue from the provision of Internet services and satellite TV services, respectively. The company owns telecommunications infrastructure, such as fibre networks. It generates the vast majority of its revenue in Israel.