Orange Belgium (LTS:0FBS) ROCE % : 2.53% (As of Jun. 2024)

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What is Orange Belgium 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. Orange Belgium's annualized ROCE % for the quarter that ended in Jun. 2024 was 2.53%.

Orange Belgium ROCE % Historical Data

The historical data trend for Orange Belgium'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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Orange Belgium ROCE % Chart

Orange Belgium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.40

6.49

5.43

8.20

3.66

Orange Belgium Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															6.92	9.98	1.32	4.26	2.53

Orange Belgium ROCE % Calculation

Orange Belgium'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 )
	=	78.803	/	( ( (2091.549 - 845.465)	+	(4125.414 - 1067.5) )	/ 2 )
	=	78.803	/	( (1246.084	+	3057.914)	/ 2 )
	=	78.803	/	2151.999
	=	3.66 %

Orange Belgium's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	80.2	/	( ( (4125.414 - 1067.5)	+	(4052.8 - 758.5) )	/ 2 )
	=	80.2	/	( ( 3057.914	+	3294.3 )	/ 2 )
	=	80.2	/	3176.107
	=	2.53 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Orange Belgium (LTS:0FBS) 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.

Orange Belgium ROCE % Related Terms

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Orange Belgium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Orange Belgium SA (LTS:0FBS) » Definitions » ROCE %

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OBEL:Belgium

Address

Avenue du Bourget 3, Brussels, BEL, 1140

Website

https://www.orange.be

Orange Belgium SA is a telecommunications company that provides mobile, fixed telephone, digital TV, and broadband Internet services to households and companies. In terms of products, the majority of revenue comes from mobile services. most of the group's mobile customers are postpaid subscribers. The company also operates in Luxembourg, but overall company revenue comes mostly from Belgium. Orange Belgium owns telecommunications infrastructure, including fiber networks. The company also acts as a wholesaler, allowing mobile virtual network operators access to Orange Belgium's infrastructure.

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