Zinc Media Group (LSE:ZIN) ROCE % : -3.77% (As of Dec. 2023)

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What is Zinc Media Group 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. Zinc Media Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.77%.

Zinc Media Group ROCE % Historical Data

The historical data trend for Zinc Media Group'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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Zinc Media Group ROCE % Chart

Zinc Media Group Annual Data

Trend

Mar12

Mar13

Jun15

Jun16

Jun17

Jun18

Jun19

Dec21

Dec22

Dec23

ROCE %

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-18.46

-16.42

-39.17

-31.22

-11.00

Zinc Media Group Semi-Annual Data
	Sep13	Mar14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-12.09	-56.14	-25.41	-15.57	-3.77

Zinc Media Group ROCE % Calculation

Zinc Media Group'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 )
	=	-1.187	/	( ( (24.107 - 10.588)	+	(24.34 - 16.27) )	/ 2 )
	=	-1.187	/	( (13.519	+	8.07)	/ 2 )
	=	-1.187	/	10.7945
	=	-11.00 %

Zinc Media Group'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 )
	=	-0.38	/	( ( (26.71 - 14.608)	+	(24.34 - 16.27) )	/ 2 )
	=	-0.38	/	( ( 12.102	+	8.07 )	/ 2 )
	=	-0.38	/	10.086
	=	-3.77 %

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

Zinc Media Group (LSE:ZIN) 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.

Zinc Media Group ROCE % Related Terms

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Zinc Media Group (LSE:ZIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Zinc Media Group PLC (LSE:ZIN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ZIN.GB:UK

Address

17 Dominion Street, 1st Floor, London, GBR, EC2M 2EF

Website

https://www.zincmedia.com

Zinc Media Group PLC is a multimedia producer of TV programming with publishing and communications content. The activities undertaken by the TV segment include the production of television content. The Content Production segment includes brand and corporate film production, radio and podcast production and publishing. The majority of its revenue is earned from TV production. The Group comprises twelve businesses that operate in two areas: television production (Tern TV, Brook Lapping, Red Sauce, Supercollider, Rex, Bumblebee and Atomic TV) and content production for brands and businesses (The Edge and the Zinc Communicate businesses in Brand Entertainment, Audio, Corporate Film and Publishing). Geographically, the majority is from the United Kingdom.

Zinc Media Group (LSE:ZIN) Headlines

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