Proximus (Proximus) ROCE % : 8.04% (As of Mar. 2024)

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What is Proximus 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. Proximus's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.04%.

Proximus ROCE % Historical Data

The historical data trend for Proximus'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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Proximus ROCE % Chart

Proximus Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.29

12.65

8.97

8.51

7.28

Proximus 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															7.77	7.98	8.26	6.39	8.04

Proximus ROCE % Calculation

Proximus'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 )
	=	611.778	/	( ( (11166.314 - 3180.085)	+	(12162.486 - 3335.878) )	/ 2 )
	=	611.778	/	( (7986.229	+	8826.608)	/ 2 )
	=	611.778	/	8406.4185
	=	7.28 %

Proximus'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 )
	=	743.48	/	( ( (12162.486 - 3335.878)	+	(12953.261 - 3291.304) )	/ 2 )
	=	743.48	/	( ( 8826.608	+	9661.957 )	/ 2 )
	=	743.48	/	9244.2825
	=	8.04 %

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

Proximus (OTCPK:BGAOF) 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.

Proximus ROCE % Related Terms

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Proximus (Proximus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Proximus SA (OTCPK:BGAOF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BGAOY:USA 0DPU:UK BX7:Germany PROX:Belgium PROX:Austria

Address

Boulevard du Roi Albert II, 27, Proximus Towers, Brussels, BEL, B-1030

Website

https://www.proximus.com

Proximus is the incumbent telecom operator in Belgium. The firm has around 45% share of the broadband market and 30% of the postpaid mobile market, mainly competing with Telenet (mobile and fixed) and Orange (mobile and fixed). Proximus is rolling out fiber to the home in Belgium and expects to have 95% of the country covered by 2032. Its international carrier services division, BICS, is one of the four largest in the world, serving more than 250 operators, which was strengthened in 2017 with the acquisition of Telesign.