Etihad Etisalat Co JSC (SAU:7020) ROCE % : 12.20% (As of Mar. 2024)

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What is Etihad Etisalat Co JSC 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. Etihad Etisalat Co JSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.20%.

Etihad Etisalat Co JSC ROCE % Historical Data

The historical data trend for Etihad Etisalat Co JSC'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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Etihad Etisalat Co JSC ROCE % Chart

Etihad Etisalat Co JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.60

4.94

5.87

8.38

11.17

Etihad Etisalat Co JSC 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															9.71	10.20	10.75	14.53	12.20

Etihad Etisalat Co JSC ROCE % Calculation

Etihad Etisalat Co JSC'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 )
	=	3113.421	/	( ( (38178.28 - 10064.644)	+	(38817.134 - 11196.868) )	/ 2 )
	=	3113.421	/	( (28113.636	+	27620.266)	/ 2 )
	=	3113.421	/	27866.951
	=	11.17 %

Etihad Etisalat Co JSC'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 )
	=	3357.076	/	( ( (38817.134 - 11196.868)	+	(38413.781 - 10983.752) )	/ 2 )
	=	3357.076	/	( ( 27620.266	+	27430.029 )	/ 2 )
	=	3357.076	/	27525.1475
	=	12.20 %

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

Etihad Etisalat Co JSC (SAU:7020) 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.

Etihad Etisalat Co JSC ROCE % Related Terms

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Etihad Etisalat Co JSC (SAU:7020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Etihad Etisalat Co JSC (SAU:7020) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 23088, Riyadh, SAU, 11321

Website

https://www.mobily.com.sa

Etihad Etisalat Co JSC operates in the telecom sector. The company also manages, installs and operates telephone networks, terminals, and telecommunication unit systems, as well as to sell and maintain mobile phones and telecommunication units in the Kingdom of Saudi Arabia. The company provides integrated services for three main sectors; individuals, businesses, and carriers. All of the company's operations are principally conducted in the Kingdom of Saudi Arabia.

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