Converge Information And Communications Technology Solutions (PHS:CNVRG) ROCE % : 22.09% (As of Dec. 2023)

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What is Converge Information And Communications Technology Solutions 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. Converge Information And Communications Technology Solutions's annualized ROCE % for the quarter that ended in Dec. 2023 was 22.09%.

Converge Information And Communications Technology Solutions ROCE % Historical Data

The historical data trend for Converge Information And Communications Technology Solutions'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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Converge Information And Communications Technology Solutions ROCE % Chart

Converge Information And Communications Technology Solutions Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.47

17.42

20.85

18.06

18.86

Converge Information And Communications Technology Solutions Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial													13.89	18.38	17.61	17.18	22.09

Converge Information And Communications Technology Solutions ROCE % Calculation

Converge Information And Communications Technology Solutions'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 )
	=	14200.641	/	( ( (98098.337 - 24723.202)	+	(101145.026 - 23917.927) )	/ 2 )
	=	14200.641	/	( (73375.135	+	77227.099)	/ 2 )
	=	14200.641	/	75301.117
	=	18.86 %

Converge Information And Communications Technology Solutions's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	16897.916	/	( ( (103023.125 - 27224.6)	+	(101145.026 - 23917.927) )	/ 2 )
	=	16897.916	/	( ( 75798.525	+	77227.099 )	/ 2 )
	=	16897.916	/	76512.812
	=	22.09 %

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

Converge Information And Communications Technology Solutions (PHS:CNVRG) 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.

Converge Information And Communications Technology Solutions ROCE % Related Terms

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Converge Information And Communications Technology Solutions (PHS:CNVRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Converge Information And Communications Technology Solutions Inc (PHS:CNVRG) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Mc Arthur Highway, New Street Building, Balibago, Angeles, PAM, PHL, 2009

Website

https://www.convergeict.com

Converge Information And Communications Technology Solutions Inc are engaged in the business of providing Information and communication services and solutions. It provides high-speed fiber optic internet services and other digital consumer-centric services. It operates in two businesses namely Residential Business and Enterprise Business, and it generates maximum revenue from Residential Business.

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