Radaan Mediaworks India (BOM:590070) ROCE % : -6.67% (As of Dec. 2023)

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What is Radaan Mediaworks India 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. Radaan Mediaworks India's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.67%.

Radaan Mediaworks India ROCE % Historical Data

The historical data trend for Radaan Mediaworks India'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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Radaan Mediaworks India ROCE % Chart

Radaan Mediaworks India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-31.62

-43.66

-44.46

-19.45

5.36

Radaan Mediaworks India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-26.10	76.67	-7.53	-20.66	-6.67

Radaan Mediaworks India ROCE % Calculation

Radaan Mediaworks India'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 )
	=	7.093	/	( ( (265.14 - 149.061)	+	(338.518 - 190.107) )	/ 2 )
	=	7.093	/	( (116.079	+	148.411)	/ 2 )
	=	7.093	/	132.245
	=	5.36 %

Radaan Mediaworks India'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 )
	=	-10.728	/	( ( (371.262 - 210.379)	+	(0 - 0) )	/ 1 )
	=	-10.728	/	( ( 160.883	+	0 )	/ 1 )
	=	-10.728	/	160.883
	=	-6.67 %

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

Radaan Mediaworks India (BOM:590070) 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.

Radaan Mediaworks India ROCE % Related Terms

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Radaan Mediaworks India (BOM:590070) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Radaan Mediaworks India Ltd (BOM:590070) » Definitions » ROCE %

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RADAAN:India

Address

No. 14, Jayammal Road, Teynampet, Chennai, TN, IND, 600 018

Website

https://www.radaan.tv

Radaan Mediaworks India Ltd is a media entertainment company. It is engaged in producing content for tele-serials/films, digital content, web series, events, game shows, and others. The company also undertakes distribution activities, theatrical plays, and setting up training courses comprising acting, dance, martial arts, yoga, and others. The Company Operates in a single segment; Media and Entertainment. It generates revenues from the sale of advertising spots during the telecast of its program.

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