VEON (FRA:35V0) ROCE % : 23.39% (As of Jun. 2023)

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What is VEON 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. VEON's annualized ROCE % for the quarter that ended in Jun. 2023 was 23.39%.

VEON ROCE % Historical Data

The historical data trend for VEON'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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VEON ROCE % Chart

VEON Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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4.74

19.44

8.80

10.26

16.63

VEON Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															16.77	-4.09	9.48	11.30	23.39

VEON ROCE % Calculation

VEON'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 )
	=	1307.44	/	( ( (14090.085 - 4224.99)	+	(14238.352 - 8379.888) )	/ 2 )
	=	1307.44	/	( (9865.095	+	5858.464)	/ 2 )
	=	1307.44	/	7861.7795
	=	16.63 %

VEON's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	1210.976	/	( ( (14238.352 - 8379.888)	+	(12009.153 - 7513.22) )	/ 2 )
	=	1210.976	/	( ( 5858.464	+	4495.933 )	/ 2 )
	=	1210.976	/	5177.1985
	=	23.39 %

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

VEON (FRA:35V0) 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.

VEON ROCE % Related Terms

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VEON (FRA:35V0) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » VEON Ltd (FRA:35V0) » Definitions » ROCE %

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VEON:USA VEON:Netherlands

Address

Claude Debussylaan 88, Amsterdam, NLD, 1082 MD

Website

https://www.veon.com

VEON Ltd is a global provider of connectivity and internet services. The company provides its customers with voice, fixed broadband, data, and digital services. Currently, the company offers services to customers in the following countries: Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. The reportable segments currently consist of the following five segments: Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. The company provides services under the Beeline, Kyivstar, banglalink and Jazz brands.

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