Telecom Argentina S.A ROCE
What is the ROCE of Telecom Argentina S.A?
The ROCE of Telecom Argentina S.A. is -0.51%
What is the definition of ROCE?
Return on capital employed (ROCE) is a financial ratio that measures a company’s profitability and the efficiency with which its capital is used.
= EBIT / (assets - current liabilities)
Return on capital employed (ROCE) is the total amount of capital that a company has utilized in order to generate profits. It is the sum of shareholders' equity and debt liabilities. It can be simplified as total assets minus current liabilities.
ROCE is especially useful when comparing the performance of companies in capital-intensive sectors. ROCE considers debt and other liabilities as well compared to other fundamentals which only analyze profitability related to a company’s common equity. This provides a better indication of financial performance for companies with significant debt. For a company, the ROCE trend over the years is also an important indicator of performance. In general, investors tend to favor companies with stable and rising ROCE numbers over companies where ROCE is volatile and bounces around from one year to the next.
Instead of using capital employed at an arbitrary point in time, analysts and investors often calculate ROCE based on the average capital employed (ROACE), which takes the average of opening and closing capital employed for the time period.
ROCE of companies in the Communication Services sector on NYSE compared to Telecom Argentina S.A
What does Telecom Argentina S.A do?
Telecom Argentina S.A. is the major local telephone company for the northern part of Argentina, including the whole of the city of Buenos Aires.
Companies with roce similar to Telecom Argentina S.A
- Western Resources has ROCE of -0.53%
- Direct Communication Solutions has ROCE of -0.53%
- Western Asset Mortgage Capital Corp has ROCE of -0.52%
- Templeton Dragon Fund Inc has ROCE of -0.52%
- Truist has ROCE of -0.52%
- Annaly Capital Management Inc has ROCE of -0.52%
- Telecom Argentina S.A has ROCE of -0.51%
- Brighthouse Inc has ROCE of -0.50%
- Carver Bancorp has ROCE of -0.50%
- ASOS Plc has ROCE of -0.50%
- ASOS Plc has ROCE of -0.50%
- Willamette Valley Vineyard has ROCE of -0.49%
- Dufry AG has ROCE of -0.49%