T.V. Today Network (BOM:532515) ROCE % : 5.05% (As of Sep. 2023)

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What is T.V. Today Network 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. T.V. Today Network's annualized ROCE % for the quarter that ended in Sep. 2023 was 5.05%.

T.V. Today Network ROCE % Historical Data

The historical data trend for T.V. Today Network'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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T.V. Today Network ROCE % Chart

T.V. Today Network Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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25.86

24.52

20.58

22.40

12.08

T.V. Today Network Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															9.10	12.64	4.23	5.99	5.05

T.V. Today Network ROCE % Calculation

T.V. Today Network's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	1237	/	( ( (14113.7 - 2238.6)	+	(10727.4 - 2120.5) )	/ 2 )
	=	1237	/	( (11875.1	+	8606.9)	/ 2 )
	=	1237	/	10241
	=	12.08 %

T.V. Today Network's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	430.8	/	( ( (0 - 0)	+	(10761.9 - 2230.3) )	/ 1 )
	=	430.8	/	( ( 0	+	8531.6 )	/ 1 )
	=	430.8	/	8531.6
	=	5.05 %

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

T.V. Today Network (BOM:532515) 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.

T.V. Today Network ROCE % Related Terms

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T.V. Today Network (BOM:532515) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » T.V. Today Network Ltd (BOM:532515) » Definitions » ROCE %

Comparable Companies

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TVTODAY:India

Address

India Today Group Mediaplex, FC-8, Sector 16A, Film City, Noida, UP, IND, 201301

Website

https://www.aajtak.in

T.V. Today Network Ltd is engaged in Television programming and broadcasting activities. The company operates in various markets, such as Television, Digital Media, and Radio. The group provides advertisement space on its television news channels Aaj Tak, India Today, Good News Today, and Aaj Tak HD (India and overseas), various websites, mobile apps, social media platforms, and radio 104.8 Ishq FM. The activity of the group is functioned in India and derives key revenue through Advertisement and other related operations.

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