Cellnex Telecom (Cellnex Telecom) ROCE % : 1.85% (As of Mar. 2024)

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What is Cellnex Telecom 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. Cellnex Telecom's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.85%.

Cellnex Telecom ROCE % Historical Data

The historical data trend for Cellnex Telecom'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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Cellnex Telecom ROCE % Chart

Cellnex Telecom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.22

0.42

-0.19

0.33

0.79

Cellnex Telecom 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															0.91	0.52	1.96	-0.27	1.85

Cellnex Telecom ROCE % Calculation

Cellnex Telecom'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 )
	=	350.764	/	( ( (46606.39 - 2398.637)	+	(48380.855 - 3530.267) )	/ 2 )
	=	350.764	/	( (44207.753	+	44850.588)	/ 2 )
	=	350.764	/	44529.1705
	=	0.79 %

Cellnex Telecom'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 )
	=	830.436	/	( ( (48380.855 - 3530.267)	+	(47665.217 - 2580.435) )	/ 2 )
	=	830.436	/	( ( 44850.588	+	45084.782 )	/ 2 )
	=	830.436	/	44967.685
	=	1.85 %

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

Cellnex Telecom (OTCPK:CLNXF) 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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Cellnex Telecom (Cellnex Telecom) Business Description

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Address

Passeig Zona Franca, 105, Barcelona, ESP, 08038

Website

https://www.cellnextelecom.com

Cellnex owns and operates more than 100,000 wireless towers in Europe, resulting from continued M&A activity since its initial public offering in 2015. It has acquired towers from several European mobile network operators, including Telefonica, Iliad, CK Hutchison, Bouygues, and Altice. Cellnex is present in more than 10 European countries as of March 2023, including France, Italy, Spain, Poland, the United Kingdom, Switzerland, and Portugal. Cellnex's strategy is to acquire portfolios from MNOs and lease the towers back to them through long-term contracts, which provide high cash flow visibility and inflation protection.