Twenty-First Century Fox (Twenty-First Century Fox) ROCE % : 90.56% (As of Dec. 2018)

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What is Twenty-First Century Fox 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. Twenty-First Century Fox's annualized ROCE % for the quarter that ended in Dec. 2018 was 90.56%.

Twenty-First Century Fox ROCE % Historical Data

The historical data trend for Twenty-First Century Fox'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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Twenty-First Century Fox ROCE % Chart

Twenty-First Century Fox Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

ROCE %

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14.27

24.90

12.70

13.94

12.70

Twenty-First Century Fox Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
ROCE %	Get a 7-Day Free Trial															9.16	14.65	12.32	15.46	90.56

Twenty-First Century Fox ROCE % Calculation

Twenty-First Century Fox's annualized ROCE % for the fiscal year that ended in Jun. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2018 )		(A: Jun. 2017 )		(A: Jun. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2018 )		(A: Jun. 2017 )		(A: Jun. 2018 )
	=	5658	/	( ( (50724 - 7238)	+	(53831 - 8244) )	/ 2 )
	=	5658	/	( (43486	+	45587)	/ 2 )
	=	5658	/	44536.5
	=	12.70 %

Twenty-First Century Fox's ROCE % of for the quarter that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2018 )		(Q: Sep. 2018 )		(Q: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2018 )		(Q: Sep. 2018 )		(Q: Dec. 2018 )
	=	47392	/	( ( (54512 - 7802)	+	(65886 - 7935) )	/ 2 )
	=	47392	/	( ( 46710	+	57951 )	/ 2 )
	=	47392	/	52330.5
	=	90.56 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2018) EBIT data.

Twenty-First Century Fox (NAS:FOXAV) 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.

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Twenty-First Century Fox (Twenty-First Century Fox) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Twenty-First Century Fox Inc (NAS:FOXAV) » Definitions » ROCE %

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Address

1211 Avenue of the Americas, New York, NY, USA, 10036

Website

http://www.21cf.com

21st Century Fox is a media conglomerate with a wide range of assets: a film studio, which creates television programs and movies; broadcast television, including the Fox broadcast network and local TV stations in the U.S.; cable networks, which comprise over 300 channels around the world; and direct-broadcast satellite TV in the form of Sky, a satellite pay-tv provider in Europe.