Bahrain Telecommunications Co BSC (BAH:BEYON) ROCE % : 14.15% (As of Mar. 2024)

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What is Bahrain Telecommunications Co BSC 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. Bahrain Telecommunications Co BSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.15%.

Bahrain Telecommunications Co BSC ROCE % Historical Data

The historical data trend for Bahrain Telecommunications Co BSC'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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Bahrain Telecommunications Co BSC ROCE % Chart

Bahrain Telecommunications Co BSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.32

11.92

11.59

12.17

12.64

Bahrain Telecommunications Co BSC 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															13.17	12.59	12.62	11.66	14.15

Bahrain Telecommunications Co BSC ROCE % Calculation

Bahrain Telecommunications Co BSC'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 )
	=	114.371	/	( ( (1101.865 - 230.933)	+	(1165.365 - 226.35) )	/ 2 )
	=	114.371	/	( (870.932	+	939.015)	/ 2 )
	=	114.371	/	904.9735
	=	12.64 %

Bahrain Telecommunications Co BSC'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 )
	=	119.976	/	( ( (1165.365 - 226.35)	+	(1201.072 - 443.962) )	/ 2 )
	=	119.976	/	( ( 939.015	+	757.11 )	/ 2 )
	=	119.976	/	848.0625
	=	14.15 %

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

Bahrain Telecommunications Co BSC (BAH:BEYON) 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.

Bahrain Telecommunications Co BSC ROCE % Related Terms

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Bahrain Telecommunications Co BSC (BAH:BEYON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Bahrain Telecommunications Co BSC (BAH:BEYON) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Building 1095, Road 1425, Block 1014, P.O. Box 14, Hamala, BHR

Website

https://www.batelco.com

Bahrain Telecommunications Co BSC is active in the telecom industry. It is mainly engaged in the provision of public telecommunications and associated products and services. The company delivers cutting-edge fixed and wireless telecommunication services to its customers in Jordan, Kuwait, Saudi Arabia, Yemen, Egypt, Guernsey, and other countries. It offers communications services including mobile, broadband, data, and fixed-line services. The group geographically operates across Bahrain, Jordan, Maldives, Sure Group, and others. It derives a majority of its revenue from Bahrain.

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