Music Broadcast (BOM:540366) ROCE % : 4.44% (As of Dec. 2023)

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What is Music Broadcast 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. Music Broadcast's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.44%.

Music Broadcast ROCE % Historical Data

The historical data trend for Music Broadcast'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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Music Broadcast ROCE % Chart

Music Broadcast Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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15.77

5.93

-4.71

-0.90

1.53

Music Broadcast Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Dec23
ROCE %	Get a 7-Day Free Trial															0.35	0.42	4.13	1.24	4.44

Music Broadcast ROCE % Calculation

Music Broadcast'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 )
	=	94.803	/	( ( (6540.662 - 351.319)	+	(6561.892 - 363.32) )	/ 2 )
	=	94.803	/	( (6189.343	+	6198.572)	/ 2 )
	=	94.803	/	6193.9575
	=	1.53 %

Music Broadcast'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: Mar. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Mar. 2023 )		(Q: Dec. 2023 )
	=	275.192	/	( ( (6561.892 - 363.32)	+	(0 - 0) )	/ 1 )
	=	275.192	/	( ( 6198.572	+	0 )	/ 1 )
	=	275.192	/	6198.572
	=	4.44 %

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

Music Broadcast (BOM:540366) 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.

Music Broadcast ROCE % Related Terms

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Music Broadcast (BOM:540366) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Music Broadcast Ltd (BOM:540366) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RADIOCITY:India

Address

Off Western Express Highway, 5th Floor, RNA Corporate Park, Kalanagar, Bandra (East), Mumbai, MH, IND, 400 051

Website

https://www.radiocity.in

Music Broadcast Ltd is engaged in the business of operating Private FM Radio Stations through the brand Radio City. The Company is engaged in the business of radio broadcasting and other related activities under the 'Radio City' brand in India.

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