Jordan Telecommunications Co (AMM:JTEL) ROCE % : 17.29% (As of Mar. 2024)

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What is Jordan Telecommunications Co 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. Jordan Telecommunications Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.29%.

Jordan Telecommunications Co ROCE % Historical Data

The historical data trend for Jordan Telecommunications Co'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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Jordan Telecommunications Co ROCE % Chart

Jordan Telecommunications Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.89

8.64

11.73

16.08

15.91

Jordan Telecommunications Co 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															12.35	13.46	17.36	18.72	17.29

Jordan Telecommunications Co ROCE % Calculation

Jordan Telecommunications Co'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 )
	=	72.346	/	( ( (742.711 - 262.481)	+	(786.958 - 357.763) )	/ 2 )
	=	72.346	/	( (480.23	+	429.195)	/ 2 )
	=	72.346	/	454.7125
	=	15.91 %

Jordan Telecommunications Co'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 )
	=	75.66	/	( ( (786.958 - 357.763)	+	(805.195 - 359.439) )	/ 2 )
	=	75.66	/	( ( 429.195	+	445.756 )	/ 2 )
	=	75.66	/	437.4755
	=	17.29 %

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

Jordan Telecommunications Co (AMM:JTEL) 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.

Jordan Telecommunications Co ROCE % Related Terms

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Jordan Telecommunications Co (AMM:JTEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Jordan Telecommunications Co (AMM:JTEL) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Black Iris Street, Entrance 8, P.O. Box 1689, Abdali, The Boulevard, Amman, JOR, 11118

Website

https://www.orange.jo

Jordan Telecommunications Co offers telecommunication network services. It has the following operating segments. The Fixed-line segment constructs develop and maintain fixed telecommunication network services and fiber to the home services. The Mobile communications segment installs operates and manages a cellular network in Jordan. The Data services segment provides, furnishes, installs, maintains, engineers, and operates communication facilities for the provision of data network and internet access services to its customers and helping companies to be more efficient in the way they do their business on the internet. The renewable energy segment provides electricity through managing solar farms and renewable energy projects, The mobile payment segment, and the not-for-profit segment.

Jordan Telecommunications Co (AMM:JTEL) Headlines

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