Cogeco Communications (Cogeco Communications) ROCE % : 8.26% (As of Feb. 2024)

View and export this data going back to . Start your Free Trial

What is Cogeco Communications 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. Cogeco Communications's annualized ROCE % for the quarter that ended in Feb. 2024 was 8.26%.

Cogeco Communications ROCE % Historical Data

The historical data trend for Cogeco Communications'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.

* Premium members only.

Cogeco Communications ROCE % Chart

Cogeco Communications Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

Get a 7-Day Free Trial

9.22

10.28

10.84

9.76

8.59

Cogeco Communications Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															8.77	8.35	7.81	7.93	8.26

Cogeco Communications ROCE % Calculation

Cogeco Communications's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	571.054	/	( ( (7183.176 - 764.202)	+	(7247.641 - 378.325) )	/ 2 )
	=	571.054	/	( (6418.974	+	6869.316)	/ 2 )
	=	571.054	/	6644.145
	=	8.59 %

Cogeco Communications's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	550.6	/	( ( (6931.857 - 355.641)	+	(7121.93 - 363.243) )	/ 2 )
	=	550.6	/	( ( 6576.216	+	6758.687 )	/ 2 )
	=	550.6	/	6667.4515
	=	8.26 %

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

Cogeco Communications (OTCPK:CGEAF) 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.

Cogeco Communications ROCE % Related Terms

Thank you for viewing the detailed overview of Cogeco Communications's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Cogeco Communications (Cogeco Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Cogeco Communications Inc (OTCPK:CGEAF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

COG:Germany CCA:Canada

Address

1 Place Ville Marie, Suite 3301, Montreal, QC, CAN, H3B 0B3

Website

https://www.cogeco.ca

Cogeco Communications Inc is a communication corporation. The company is a cable operator in North America operating in Canada. It provides Internet, video and phone services to residential, business and other customers. The reportable segments of the company are Canadian telecommunications and American telecommunications. The company earns majority of its revenue from American telecommunications. The company operates in Canada and United States.