Shaw Communications (Shaw Communications) ROCE % : 8.15% (As of Nov. 2022)

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What is Shaw Communications 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. Shaw Communications's annualized ROCE % for the quarter that ended in Nov. 2022 was 8.15%.

Shaw Communications ROCE % Historical Data

The historical data trend for Shaw Communications'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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Shaw Communications ROCE % Chart

Shaw Communications Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

ROCE %

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3.20

8.80

8.43

9.29

8.92

Shaw Communications Quarterly Data
	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22
ROCE %	Get a 7-Day Free Trial															9.26	8.99	9.39	8.29	8.15

Shaw Communications ROCE % Calculation

Shaw Communications's annualized ROCE % for the fiscal year that ended in Aug. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2022 )		(A: Aug. 2021 )		(A: Aug. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2022 )		(A: Aug. 2021 )		(A: Aug. 2022 )
	=	995.587	/	( ( (12534.328 - 1238.194)	+	(12207.169 - 1175.195) )	/ 2 )
	=	995.587	/	( (11296.134	+	11031.974)	/ 2 )
	=	995.587	/	11164.054
	=	8.92 %

Shaw Communications's ROCE % of for the quarter that ended in Nov. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2022 )		(Q: Aug. 2022 )		(Q: Nov. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2022 )		(Q: Aug. 2022 )		(Q: Nov. 2022 )
	=	870.924	/	( ( (12207.169 - 1175.195)	+	(11691.313 - 1356.915) )	/ 2 )
	=	870.924	/	( ( 11031.974	+	10334.398 )	/ 2 )
	=	870.924	/	10683.186
	=	8.15 %

(1) Note: The EBIT data used here is four times the quarterly (Nov. 2022) EBIT data.

Shaw Communications (NYSE:SJR) 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.

Shaw Communications ROCE % Related Terms

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Shaw Communications (Shaw Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Shaw Communications Inc (NYSE:SJR) » Definitions » ROCE %

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Address

630 - 3rd Avenue S.W., Suite 900, Finance Department, Calgary, AB, CAN, T2P 4L4

Website

https://www.shaw.ca

Shaw Communications is a Canadian cable company that is one of the biggest providers of internet, television, and landline telephone services in British Columbia, Alberta, Saskatchewan, Manitoba, and northern Ontario. In fiscal 2021, more than 75% of Shaw's total revenue resulted from this wireline business. Shaw now also offers wireless service over most of Canada's population footprint after acquiring Wind Mobile in 2016. As a smaller carrier, Shaw has favored bidding status in spectrum auctions, giving it a further boost in enhancing its wireless network. At the 2019 auction, Shaw added significant amounts of 600 MHz spectrum to the 700 MHz spectrum it is currently deploying.