Telesat (FRA:ZE2) ROCE % : 6.07% (As of Dec. 2023)

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What is Telesat 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. Telesat's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.07%.

Telesat ROCE % Historical Data

The historical data trend for Telesat'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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Telesat ROCE % Chart

Telesat Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

8.20

7.52

3.08

15.04

Telesat Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial									9.77	6.66	41.93	5.21	6.07

Telesat ROCE % Calculation

Telesat'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 )
	=	645.115	/	( ( (4502.566 - 119.1)	+	(4288.598 - 94.138) )	/ 2 )
	=	645.115	/	( (4383.466	+	4194.46)	/ 2 )
	=	645.115	/	4288.963
	=	15.04 %

Telesat'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 )
	=	259.468	/	( ( (4494.407 - 146.322)	+	(4288.598 - 94.138) )	/ 2 )
	=	259.468	/	( ( 4348.085	+	4194.46 )	/ 2 )
	=	259.468	/	4271.2725
	=	6.07 %

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

Telesat (FRA:ZE2) 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.

Telesat ROCE % Related Terms

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Telesat (FRA:ZE2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Telesat Corp (FRA:ZE2) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TSAT:USA TSAT:Canada

Address

160 Elgin Street, Ottawa, ON, CAN, K2P 2P7

Website

https://www.telesat.com

Telesat Corp is a global satellite operator, providing its customers with mission-critical communications services. The company's segment includes Broadcast; Enterprise and Consulting and other. The Broadcast segment includes Direct-to-home television, video distribution and contribution, and occasional use services. The enterprise segment includes telecommunication carriers and integrators, government, consumer broadband, resource, maritime and aeronautical, retail and satellite operator services. Consulting and other segments include Consulting services related to space and earth segments, government studies, satellite control services, and research and development. Geographically, it derives a majority of its revenue from Canada.

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