Emirates Integrated Telecommunications Co PJSC (DFM:DU) ROCE % : 19.76% (As of Dec. 2023)

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What is Emirates Integrated Telecommunications Co PJSC 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. Emirates Integrated Telecommunications Co PJSC's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.76%.

Emirates Integrated Telecommunications Co PJSC ROCE % Historical Data

The historical data trend for Emirates Integrated Telecommunications Co PJSC'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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Emirates Integrated Telecommunications Co PJSC ROCE % Chart

Emirates Integrated Telecommunications Co PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.15

14.37

14.01

16.32

20.50

Emirates Integrated Telecommunications Co PJSC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															15.44	19.91	15.91	21.79	19.76

Emirates Integrated Telecommunications Co PJSC ROCE % Calculation

Emirates Integrated Telecommunications Co PJSC'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 )
	=	2259.732	/	( ( (16569.652 - 5854.063)	+	(17703.736 - 6368.646) )	/ 2 )
	=	2259.732	/	( (10715.589	+	11335.09)	/ 2 )
	=	2259.732	/	11025.3395
	=	20.50 %

Emirates Integrated Telecommunications Co PJSC'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 )
	=	2205.204	/	( ( (16448.862 - 5463.959)	+	(17703.736 - 6368.646) )	/ 2 )
	=	2205.204	/	( ( 10984.903	+	11335.09 )	/ 2 )
	=	2205.204	/	11159.9965
	=	19.76 %

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

Emirates Integrated Telecommunications Co PJSC (DFM:DU) 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.

Emirates Integrated Telecommunications Co PJSC ROCE % Related Terms

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Emirates Integrated Telecommunications Co PJSC (DFM:DU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Emirates Integrated Telecommunications Co PJSC (DFM:DU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Salam Tower, Dubai Media City, P.O. Box 502666, Dubai, ARE

Website

http://www.du.ae

Emirates Integrated Telecommunications Co PJSC is a telecommunication service provider. The company provides telecommunications and entertainment services to customers in the UAE. It is organized into four business segments: Mobile, Fixed, Wholesale, and Others Segment. Mobile Segment, which derives the company's revenue, offers mobility services to the enterprise and consumer market; the Fixed Segment provides wireline services; Wholesale Segment provides voice and data services to national and international carriers and operators, and Others include broadcasting services, international roaming, site sharing, etc.

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