Nine Entertainment Co. Holdings (ASX:NEC) ROCE % : 11.78% (As of Dec. 2023)

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What is Nine Entertainment Co. Holdings 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. Nine Entertainment Co. Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.78%.

Nine Entertainment Co. Holdings ROCE % Historical Data

The historical data trend for Nine Entertainment Co. Holdings'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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Nine Entertainment Co. Holdings ROCE % Chart

Nine Entertainment Co. Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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11.85

-14.22

9.66

14.64

9.71

Nine Entertainment Co. Holdings Semi-Annual Data
	Jun14	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															19.44	9.50	17.25	1.57	11.78

Nine Entertainment Co. Holdings ROCE % Calculation

Nine Entertainment Co. Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	309.652	/	( ( (4140.299 - 907.504)	+	(4015.629 - 867.418) )	/ 2 )
	=	309.652	/	( (3232.795	+	3148.211)	/ 2 )
	=	309.652	/	3190.503
	=	9.71 %

Nine Entertainment Co. Holdings'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 )
	=	373.74	/	( ( (4015.629 - 867.418)	+	(4044.959 - 849.108) )	/ 2 )
	=	373.74	/	( ( 3148.211	+	3195.851 )	/ 2 )
	=	373.74	/	3172.031
	=	11.78 %

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

Nine Entertainment Co. Holdings (ASX:NEC) 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.

Nine Entertainment Co. Holdings ROCE % Related Terms

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Nine Entertainment Co. Holdings (ASX:NEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Nine Entertainment Co. Holdings Ltd (ASX:NEC) » Definitions » ROCE %

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NEE:Germany

Address

1 Denison Street, Level 9, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.nineforbrands.com.au

Nine Entertainment operates Nine Network, a free-to-air TV network across five capital cities, as well as in regional Northern New South Wales and Darwin. It also owns 9Now, a leading broadcast video on demand operation in Australia. The merger with Fairfax combines Nine's top-ranked TV network and the second-largest newspaper group, topped with a collection of quality digital assets in Nine Digital, subscription video on demand operator Stan, and Fairfax's 60%-owned Domain. It ensures the merged entity remains prominent in the eyes of audiences and advertisers.

Nine Entertainment Co. Holdings (ASX:NEC) Headlines

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