MTN Ghana (XGHA:MTNGH) ROCE % : 81.89% (As of Dec. 2024)

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What is MTN Ghana 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. MTN Ghana's annualized ROCE % for the quarter that ended in Dec. 2024 was 81.89%.

MTN Ghana ROCE % Historical Data

The historical data trend for MTN Ghana'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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MTN Ghana ROCE % Chart

MTN Ghana Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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45.57

53.26

61.92

66.37

68.36

MTN Ghana Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															74.09	58.45	64.04	74.67	81.89

MTN Ghana ROCE % Calculation

MTN Ghana's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	8297.39	/	( ( (30958.441 - 19635.869)	+	(41401.759 - 28450.271) )	/ 2 )
	=	8297.39	/	( (11322.572	+	12951.488)	/ 2 )
	=	8297.39	/	12137.03
	=	68.36 %

MTN Ghana's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	10054.88	/	( ( (38212.938 - 26608.759)	+	(41401.759 - 28450.271) )	/ 2 )
	=	10054.88	/	( ( 11604.179	+	12951.488 )	/ 2 )
	=	10054.88	/	12277.8335
	=	81.89 %

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

MTN Ghana (XGHA:MTNGH) 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.

MTN Ghana ROCE % Related Terms

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MTN Ghana Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » MTN Ghana (XGHA:MTNGH) » Definitions » ROCE %

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Address

MTN House, Independence Avenue, West Ridge, Accra, GHA

Website

https://www.mtn.com.gh

MTN Ghana is a Ghana-based company that provides mobile financial services in the financial services industry. Develop strategic partnerships to provide services in the mobile financial service industry; and Provide consultancy and support services in the area of mobile banking, payment services, and fintech. The company has four reportable segments namely Network services, Interconnect and roaming, Digital and Fintech and Mobile, devices and accessories, out of which it derives maximum revenue from Network services.

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