Boat Rocker Media (TSX:BRMI) ROCE % : -0.84% (As of Dec. 2023)

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What is Boat Rocker 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. Boat Rocker Media's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.84%.

Boat Rocker Media ROCE % Historical Data

The historical data trend for Boat Rocker 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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Boat Rocker Media ROCE % Chart

Boat Rocker Media Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-6.18

-20.18

-0.33

4.04

-3.43

Boat Rocker Media Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial														7.59	15.59	-2.57	0.01	-0.84

Boat Rocker Media ROCE % Calculation

Boat Rocker 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 )
	=	-10.51	/	( ( (796.547 - 450.966)	+	(604.212 - 336.276) )	/ 2 )
	=	-10.51	/	( (345.581	+	267.936)	/ 2 )
	=	-10.51	/	306.7585
	=	-3.43 %

Boat Rocker 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-2.388	/	( ( (675.683 - 371.652)	+	(604.212 - 336.276) )	/ 2 )
	=	-2.388	/	( ( 304.031	+	267.936 )	/ 2 )
	=	-2.388	/	285.9835
	=	-0.84 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Boat Rocker Media (TSX:BRMI) 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.

Boat Rocker Media ROCE % Related Terms

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Boat Rocker Media (TSX:BRMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Boat Rocker Media Inc (TSX:BRMI) » Definitions » ROCE %

Comparable Companies

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9P6:Germany

Address

310 King Street East, Toronto, ON, CAN, M5A 1K6

Website

https://www.boatrocker.com

Boat Rocker Media Inc is the home for creative visionaries. An independent, integrated entertainment company, Boat Rocker's purpose is to tell stories and build iconic brands across all genres and mediums. With offices around the world, the company's creative and commercial capabilities include scripted, unscripted, kids and family television production, distribution, brand, and franchise management, a world-class animation studio, and talent management through Untitled Entertainment. Its segment includes Television, Kids and Family, Representation, and the majority of the revenue comes from Television.

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