Telia Lietuva AB (OVSE:TEL1L) ROCE % : 20.07% (As of Mar. 2024)

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What is Telia Lietuva AB 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. Telia Lietuva AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.07%.

Telia Lietuva AB ROCE % Historical Data

The historical data trend for Telia Lietuva AB'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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Telia Lietuva AB ROCE % Chart

Telia Lietuva AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.78

13.83

13.49

14.43

17.95

Telia Lietuva AB 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															17.06	18.27	22.61	15.69	20.07

Telia Lietuva AB ROCE % Calculation

Telia Lietuva AB'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 )
	=	80.796	/	( ( (611.047 - 159.421)	+	(616.121 - 167.758) )	/ 2 )
	=	80.796	/	( (451.626	+	448.363)	/ 2 )
	=	80.796	/	449.9945
	=	17.95 %

Telia Lietuva AB'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 )
	=	91.684	/	( ( (616.121 - 167.758)	+	(620.493 - 155.041) )	/ 2 )
	=	91.684	/	( ( 448.363	+	465.452 )	/ 2 )
	=	91.684	/	456.9075
	=	20.07 %

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

Telia Lietuva AB (OVSE:TEL1L) 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.

Telia Lietuva AB ROCE % Related Terms

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Telia Lietuva AB (OVSE:TEL1L) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Telia Lietuva AB (OVSE:TEL1L) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Saltoniskiu str. 7A, Vilnius, LTU, LT-03501

Website

https://www.telia.lt

Telia Lietuva AB operates in the telecom industry engaged in telecommunications, TV, and IT services and solutions Throughout Lithuania. It provides services to residents, enterprises, public sector institutions, and non-governmental organizations. It is also a service provider to other local and international telecommunications operators. The company has three operating segments; The business customer segment (B2B) includes services sales and customer care for the business customers and operators including retail and wholesale telecommunication and IT services, The private customer segment (B2C) includes service and customer care for private customers, and the Other segment includes the technology division and the support units financial performance.

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