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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. Central European Media Enterprises's annualized ROCE % for the quarter that ended in Jun. 2020 was 13.88%.
The historical data trend for Central European Media Enterprises'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.
Central European Media Enterprises Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 4.00 | -4.44 | 11.33 | 12.15 | 13.77 |
Central European Media Enterprises Quarterly Data | ||||||||||||||||||||
Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | |
ROCE % | Get a 7-Day Free Trial | 19.23 | 8.34 | 22.61 | 6.12 | 13.88 |
Central European Media Enterprises's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Dec. 2019 ) | (A: Dec. 2018 ) | (A: Dec. 2019 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Dec. 2019 ) | (A: Dec. 2018 ) | (A: Dec. 2019 ) | |||||
= | 181.742 | / | ( ( (1488.361 - 139.692) | + | (1447.862 - 156.001) ) | / 2 ) | |
= | 181.742 | / | ( (1348.669 | + | 1291.861) | / 2 ) | |
= | 181.742 | / | 1320.265 | ||||
= | 13.77 % |
Central European Media Enterprises's ROCE % of for the quarter that ended in Jun. 2020 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Jun. 2020 ) | (Q: Mar. 2020 ) | (Q: Jun. 2020 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Jun. 2020 ) | (Q: Mar. 2020 ) | (Q: Jun. 2020 ) | |||||
= | 174.728 | / | ( ( (1411.162 - 189.22) | + | (1462.542 - 167.145) ) | / 2 ) | |
= | 174.728 | / | ( ( 1221.942 | + | 1295.397 ) | / 2 ) | |
= | 174.728 | / | 1258.6695 | ||||
= | 13.88 % |
(1) Note: The EBIT data used here is four times the quarterly (Jun. 2020) EBIT data.
* 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.
Central European Media Enterprises (NAS:CETV) 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.
Thank you for viewing the detailed overview of Central European Media Enterprises's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Christoph Mainusch | officer: co-Chief Executive Officer | KRIZENECKEHO NAM. 1078/5A PRAGUE 5 2N 15200 |
Daniel Penn | officer: EVP, General Counsel | C/O CME MEDIA SERVICES LIMITED BRANCH KRIZENECKEHO NAM. 1078/5A PRAGUE 2N 15200 |
Nin Michael Del | officer: co-Chief Executive Officer | C/O CME MEDIA SERVICES LIMITED BRANCH, KRIZENECKEHO NAM. 1078/5A, PRAGUE 2N 15200 |
Alfred W Langer | director | C/O CME MEDIA SERVICES LIMITED BRANCH KRIZENECKEHO NAM. 1078/5A PRAGUE 2N 15200 |
John Billock | director | C/O CME MEDIA SERVICES LIMITED BRANCH KRIZENECKEHO NAM. 1078/5A PRAGUE 2N 15200 |
Kelli Turner | director | C/O CME MEDIA SERVICES LTD, KRIZENECKEHO NAM. 1078/5A, PRAGUE 2N 15200 |
David Sturgeon | officer: EVP, Chief Financial Officer | C/O CME MEDIA SERVICES LIMITED BRANCH KRIZENECKEHO NAM. 1078/5A PRAGUE 2N 15200 |
Parm Sandhu | director | C/O MEDIA SERVICES LIMITED BRANCH KRIZENECKEHO NAM. 1078/5A PRAGUE 2N 15200 |
Peter H Knag | director | 208 S AKARD STREET DALLAS TX 75202 |
Turner Theodore Mckinley Iii | director | ONE TIME WARNER CENTER NEW YORK NY 10019 |
At&t Inc. | director, 10 percent owner | 208 S. AKARD ST ATTN : JAMES LACY DALLAS TX 75202 |
Bruce Maggin | director | C/O CME MEDIA SERVICES LIMITED, KRIZENECKEHO NAM 1078/5A, PRAGUE 2N 15200 |
Time Warner Inc. | director, 10 percent owner | ONE TIME WARNER CENTER, NEW YORK NY 10019 |
Tw Media Holdings Llc | director, 10 percent owner | ONE TIME WARNER CENTER NEW YORK NY 10019 |
Time Warner Media Holdings B.v. | director, 10 percent owner | ONE TIME WARNER CENTER NEW YORK NY 10019 |
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