Quebecor (TSX:QBR.A) ROCE % : 13.78% (As of Mar. 2024)

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What is Quebecor 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. Quebecor's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.78%.

Quebecor ROCE % Historical Data

The historical data trend for Quebecor'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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Quebecor ROCE % Chart

Quebecor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.04

13.06

12.50

12.97

14.40

Quebecor Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															11.08	14.31	15.06	12.27	13.78

Quebecor ROCE % Calculation

Quebecor'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 )
	=	1260.7	/	( ( (10625.3 - 2534.8)	+	(12741.3 - 3319.9) )	/ 2 )
	=	1260.7	/	( (8090.5	+	9421.4)	/ 2 )
	=	1260.7	/	8755.95
	=	14.40 %

Quebecor's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1300.4	/	( ( (12741.3 - 3319.9)	+	(12831.4 - 3385.6) )	/ 2 )
	=	1300.4	/	( ( 9421.4	+	9445.8 )	/ 2 )
	=	1300.4	/	9433.6
	=	13.78 %

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

Quebecor (TSX:QBR.A) 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.

Quebecor ROCE % Related Terms

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Quebecor (TSX:QBR.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Quebecor Inc (TSX:QBR.A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

QBCRF:USA QBCAF:USA QBR.B:Canada

Address

612, rue Saint-Jacques, Corporate secretariat, 18th floor, Montreal, QC, CAN, H3C 4M8

Website

https://www.quebecor.com

Quebecor primarily provides telecom services in Quebec, where it has roughly 1.7 million internet subscribers—equating to a penetration rate of about 50% in its footprint—and over 3 million mobile subscribers, including more than 20% wireless market share in Quebec. With the acquisition of Freedom Mobile in April 2023, Quebecor also has more than 1.5 million mobile subscribers in Ontario, British Columbia, and Alberta. Quebecor also offers a French-language subscription video on demand service and has a media segment that owns and operates television stations, publishes newspapers and magazines, and produces and distributes films and television shows. A very small portion of Quebecor's business engages in live event production and promotion and has ownership of live-event venues.

Quebecor (TSX:QBR.A) Headlines

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