oOh media (ASX:OML) ROCE % : 7.03% (As of Dec. 2023)

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What is oOh media 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. oOh media's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.03%.

oOh media ROCE % Historical Data

The historical data trend for oOh media'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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oOh media ROCE % Chart

oOh media Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.62

0.84

1.92

3.51

4.22

oOh media Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial														2.60	1.52	5.51	1.49	7.03

oOh media ROCE % Calculation

oOh media'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 )
	=	62.077	/	( ( (1731.895 - 230.847)	+	(1659.463 - 221.293) )	/ 2 )
	=	62.077	/	( (1501.048	+	1438.17)	/ 2 )
	=	62.077	/	1469.609
	=	4.22 %

oOh media's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	102.002	/	( ( (1663.36 - 198.656)	+	(1659.463 - 221.293) )	/ 2 )
	=	102.002	/	( ( 1464.704	+	1438.17 )	/ 2 )
	=	102.002	/	1451.437
	=	7.03 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

oOh media (ASX:OML) 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.

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oOh media (ASX:OML) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » oOh media Ltd (ASX:OML) » Definitions » ROCE %

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0OH:Germany

Address

73 Miller Street, Level 2, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.oohmedia.com.au

OOh media operates a network of outdoor advertising sites with a commanding share of the Australian market, and also has a large presence in New Zealand. It boasts a diverse portfolio of locations to service the needs of outdoor marketers, and is particularly strong in the roadside billboard and retail (such as shopping malls) segments. OOh media offers these services by entering into lease arrangements with owners of outdoor sites--effectively an intermediary allowing site owners to monetize their visible space in high-traffic areas. In late September 2018, the group completed the acquisition of Adshel from HT&E for AUD 570 million, a deal that cements its competitive position in the face of industry consolidation.

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