Grupo Clarin (BUE:GCLA) ROCE %

: -39.73% (As of Dec. 2023)

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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. Grupo Clarin's annualized ROCE % for the quarter that ended in Dec. 2023 was -39.73%.

Grupo Clarin ROCE % Historical Data

The historical data trend for Grupo Clarin'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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Grupo Clarin Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-1.20

3.66

12.95

1.94

-7.13

Grupo Clarin Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																-2.35	8.13	3.78	-7.25	-39.73

Grupo Clarin ROCE % Calculation

Grupo Clarin'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 )
	=	-10046.059	/	( ( (220497.224 - 69971.63)	+	(194955.669 - 63595.435) )	/ 2 )
	=	-10046.059	/	( (150525.594	+	131360.234)	/ 2 )
	=	-10046.059	/	140942.914
	=	-7.13 %

Grupo Clarin'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 )
	=	-44148.988	/	( ( (132289.183 - 41381.919)	+	(194955.669 - 63595.435) )	/ 2 )
	=	-44148.988	/	( ( 90907.264	+	131360.234 )	/ 2 )
	=	-44148.988	/	111133.749
	=	-39.73 %

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

Grupo Clarin (BUE:GCLA) 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.

Grupo Clarin ROCE % Related Terms

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Grupo Clarin (BUE:GCLA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Grupo Clarin SA (BUE:GCLA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Piedras 1743, Buenos Aires, ARG, C1140ABK

Website

https://www.grupoclarin.com

Grupo Clarin SA is a holding company that operates in the Media industry in Argentina. Its operations include newspaper and other printing, publishing, and advertising activities, broadcast television, radio operations, television content production, online and new media services, and other media-related activities. Its business segments include Printing and Publishing, Broadcasting and Programming, and Others. Print and Digital Publications segments include national and regional newspapers, a sports daily, magazine publishing, editing and distribution, and commercial printing.

Grupo Clarin (BUE:GCLA) Headlines

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