B Communications ROCE
What is the ROCE of B Communications?
The ROCE of B Communications Ltd. is 10.31%
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 NASDAQ compared to B Communications
What does B Communications do?
B Communications Ltd. operates as a holding company, which engages in the provision of telecommunications services. It provides telecommunications operations and services, including domestic fixed-line, cellular and international communication services, Internet services, multi-channel television, television and radio broadcasts, satellite broadcasts, customer call centers, maintenance and development of communications infrastructures, provision of communications services to other communications providers and the supply and maintenance of equipment on customer premises, which is referred to as network end point, or NEP services. The company was founded by Shaul Elovitch in 1999 and is headquartered in Ramat-Gan, Israel.
Companies with roce similar to B Communications
- Dassault Systèmes SA has ROCE of 10.29%
- EBay has ROCE of 10.30%
- Air Products and Chemicals has ROCE of 10.30%
- Air Products & Chemicals has ROCE of 10.30%
- Spotify Technology S.A has ROCE of 10.30%
- Everi Inc has ROCE of 10.30%
- B Communications has ROCE of 10.31%
- FirstService Corp has ROCE of 10.32%
- SBA Communications has ROCE of 10.32%
- POSCO Inc has ROCE of 10.33%
- OneSpaWorld has ROCE of 10.33%
- Eaton plc has ROCE of 10.34%
- Neueon Towers has ROCE of 10.34%