Hellenic Telecommunication Organization (LTS:0FIZ) ROCE % : 26.00% (As of Sep. 2023)

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What is Hellenic Telecommunication Organization 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. Hellenic Telecommunication Organization's annualized ROCE % for the quarter that ended in Sep. 2023 was 26.00%.

Hellenic Telecommunication Organization ROCE % Historical Data

The historical data trend for Hellenic Telecommunication Organization'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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Hellenic Telecommunication Organization ROCE % Chart

Hellenic Telecommunication Organization Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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11.47

12.16

8.77

21.59

18.38

Hellenic Telecommunication Organization Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Sep23
ROCE %	Get a 7-Day Free Trial															-	-	27.86	6.04	26.00

Hellenic Telecommunication Organization ROCE % Calculation

Hellenic Telecommunication Organization's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	594.8	/	( ( (5217 - 1937.8)	+	(4999.2 - 1807) )	/ 2 )
	=	594.8	/	( (3279.2	+	3192.2)	/ 2 )
	=	594.8	/	3235.7
	=	18.38 %

Hellenic Telecommunication Organization's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Dec. 2022 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Dec. 2022 )		(Q: Sep. 2023 )
	=	828.8	/	( ( (4999.2 - 1807)	+	(4945 - 1761.1) )	/ 2 )
	=	828.8	/	( ( 3192.2	+	3183.9 )	/ 2 )
	=	828.8	/	3188.05
	=	26.00 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Hellenic Telecommunication Organization (LTS:0FIZ) 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.

Hellenic Telecommunication Organization ROCE % Related Terms

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Hellenic Telecommunication Organization (LTS:0FIZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Hellenic Telecommunication Organization SA (LTS:0FIZ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HLTOY:USA HTO:Greece OTE:Germany

Address

99 Kifissias Avenue, Maroussi, Athens, GRC, 15124

Website

https://www.cosmote.gr

Hellenic Telecommunication Organization is a telecommunications company that offers Internet access services, TV services, broadband, fixed-line services, and mobile telecommunication. The reportable segments of the company are as follows: 1) OTE is a provider of fixed-line services, internet access services, ICT services and TV services in Greece. 2) Cosmonote Group- Greece is a provider of mobile telecommunications, retail operations (shops) and customer services. 3) Telekom Romania Mobile is a provider of mobile telecommunications services in Romania. The majority of revenue earned by the company is from OTE segment.

Hellenic Telecommunication Organization (LTS:0FIZ) Headlines

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