Liberty Braves Group (BSP:LSXM34) ROCE % : -14.76% (As of Mar. 2024)

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What is Liberty Braves Group 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. Liberty Braves Group's annualized ROCE % for the quarter that ended in Mar. 2024 was -14.76%.

Liberty Braves Group ROCE % Historical Data

The historical data trend for Liberty Braves Group'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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Liberty Braves Group ROCE % Chart

Liberty Braves Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.29

-7.15

1.52

-0.13

-7.01

Liberty Braves Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-20.76	-3.54	3.66	-8.79	-14.76

Liberty Braves Group ROCE % Calculation

Liberty Braves Group'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 )
	=	-448.258	/	( ( (7819.113 - 1263.675)	+	(7370.916 - 1144.951) )	/ 2 )
	=	-448.258	/	( (6555.438	+	6225.965)	/ 2 )
	=	-448.258	/	6390.7015
	=	-7.01 %

Liberty Braves Group's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-915.984	/	( ( (7370.916 - 1144.951)	+	(7978.581 - 1792.086) )	/ 2 )
	=	-915.984	/	( ( 6225.965	+	6186.495 )	/ 2 )
	=	-915.984	/	6206.23
	=	-14.76 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Liberty Braves Group (BSP:LSXM34) 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.

Liberty Braves Group ROCE % Related Terms

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Liberty Braves Group (BSP:LSXM34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Liberty Braves Group (BSP:LSXM34) » Definitions » ROCE %

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Traded in Other Exchanges

BATRB:USA BATRK:USA BATRA:USA E450:Germany

Address

12300 Liberty Boulevard, Englewood, CO, USA, 80112

Website

https://www.bravesholdings.com

Atlanta Braves Holdings Inc is a holding company. It operates through its wholly-owned subsidiary, which is the owner and operator of the Atlanta Braves Major League Baseball Club and the mixed-use real estate development, The Battery Atlanta, and is the operator of the Atlanta Braves Major League Baseball Club's stadium, Truist Park.

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