STV Group (LSE:STVG) ROCE % : 11.66% (As of Dec. 2023)

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What is STV 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. STV Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.66%.

STV Group ROCE % Historical Data

The historical data trend for STV 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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STV Group ROCE % Chart

STV Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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33.98

13.13

28.19

27.14

5.45

STV Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															32.80	27.72	28.91	-0.21	11.66

STV Group ROCE % Calculation

STV 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 )
	=	5.7	/	( ( (160.6 - 61.6)	+	(153.9 - 43.7) )	/ 2 )
	=	5.7	/	( (99	+	110.2)	/ 2 )
	=	5.7	/	104.6
	=	5.45 %

STV Group'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	11.6	/	( ( (127 - 38.3)	+	(153.9 - 43.7) )	/ 2 )
	=	11.6	/	( ( 88.7	+	110.2 )	/ 2 )
	=	11.6	/	99.45
	=	11.66 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

STV Group (LSE:STVG) 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.

STV Group ROCE % Related Terms

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STV Group (LSE:STVG) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » STV Group PLC (LSE:STVG) » Definitions » ROCE %

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STVGl:UK STVG.GB:UK

Address

Pacific Quay, Glasgow, GBR, G51 1PQ

Website

https://www.stvplc.tv

STV Group PLC is Scotland's digital media brand, providing consumers with quality content on air, online, and on demand. It is engaged in the production and broadcasting of television programs, provision of internet services, and the sale of advertising airtime and space in these media. Its segments are Broadcast, Digital, and Studios. The company generates the majority of its revenue from the Broadcast segment. The group operates digital services in four cities in Scotland which provide news, events, offers, pictures, and videos for consumers: STV Glasgow, STV Edinburgh, STV Aberdeen, and STV Dundee.

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