NZTCF (Spark New Zealand) ROCE % : 17.27% (As of Jun. 2024)

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What is Spark New Zealand 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. Spark New Zealand's annualized ROCE % for the quarter that ended in Jun. 2024 was 17.27%.

Spark New Zealand ROCE % Historical Data

The historical data trend for Spark New Zealand'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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Spark New Zealand ROCE % Chart

Spark New Zealand Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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18.67

18.72

18.50

34.45

16.71

Spark New Zealand 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															19.97	45.40	20.71	16.15	17.27

Spark New Zealand ROCE % Calculation

Spark New Zealand's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	369.552	/	( ( (2749.693 - 521.472)	+	(2845.304 - 650.706) )	/ 2 )
	=	369.552	/	( (2228.221	+	2194.598)	/ 2 )
	=	369.552	/	2211.4095
	=	16.71 %

Spark New Zealand'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 )
	=	383.058	/	( ( (2924.082 - 682.016)	+	(2845.304 - 650.706) )	/ 2 )
	=	383.058	/	( ( 2242.066	+	2194.598 )	/ 2 )
	=	383.058	/	2218.332
	=	17.27 %

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

Spark New Zealand (OTCPK:NZTCF) 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.

Spark New Zealand ROCE % Related Terms

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Spark New Zealand Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Spark New Zealand Ltd (OTCPK:NZTCF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SPKKY:USA SPK:New Zealand NZTA:Germany NZT:Germany NZT:Germany NZTA:Germany NZT:Germany SPK:Australia

Address

167 Victoria Street West, Level 2, Spark City, Private Bag 92028, Auckland, NTL, NZL, 1010

Website

https://www.sparknz.co.nz

Spark is one of only three integrated telecommunications operators in New Zealand. It is the leading mobile network operator with low- to mid-40% subscriber and revenue share, and the dominant provider of fixed-line broadband services with a mid-30% subscriber share. It has a commanding presence in the New Zealand corporate and wholesale telecommunications services provision space. Spark supplements its core telecommunications operations and related infrastructure with IT products and services across cloud, managed data and networks, procurement, data centers, and Internet of Things. Its operations are entirely based in New Zealand, except for its 41% interest in Southern Cross Submarine Cables, which has zero book value and to which Spark has no funding obligations.