Hindustan Media Ventures (NSE:HMVL) ROCE % : 0.45% (As of Mar. 2024)

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What is Hindustan Media Ventures 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. Hindustan Media Ventures's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.45%.

Hindustan Media Ventures ROCE % Historical Data

The historical data trend for Hindustan Media Ventures'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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Hindustan Media Ventures ROCE % Chart

Hindustan Media Ventures Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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11.49

5.77

3.47

-2.42

0.37

Hindustan Media Ventures Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.67	3.40	-2.86	0.46	0.45

Hindustan Media Ventures ROCE % Calculation

Hindustan Media Ventures's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	56	/	( ( (21862 - 6671.2)	+	(22478.5 - 7367) )	/ 2 )
	=	56	/	( (15190.8	+	15111.5)	/ 2 )
	=	56	/	15151.15
	=	0.37 %

Hindustan Media Ventures's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	68.4	/	( ( (0 - 0)	+	(22478.5 - 7367) )	/ 1 )
	=	68.4	/	( ( 0	+	15111.5 )	/ 1 )
	=	68.4	/	15111.5
	=	0.45 %

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

Hindustan Media Ventures (NSE:HMVL) 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.

Hindustan Media Ventures ROCE % Related Terms

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Hindustan Media Ventures (NSE:HMVL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hindustan Media Ventures Ltd (NSE:HMVL) » Definitions » ROCE %

Traded in Other Exchanges

533217:India

Address

18-20, Kasturba Gandhi Marg, Hindustan Times House, 2nd Floor, New Delhi, IND, 110 001

Website

https://www.hmvl.in

Hindustan Media Ventures Ltd is an Indian newspaper publishing company. It is engaged in the business of printing and publication of newspapers and periodicals. It publishes global, national and local news, covering politics, business, entertainment, sports and other topics of general interest. The company publishes Hindustan, a Hindi Daily, and Hindi magazines Nandan, Kadambini, and Hum Tum, among others. The group sells its products mostly within India.

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