Warner Bros. Discovery (LTS:0IBD) ROCE % : -0.41% (As of Dec. 2023)

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What is Warner Bros. Discovery 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. Warner Bros. Discovery's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.41%.

Warner Bros. Discovery ROCE % Historical Data

The historical data trend for Warner Bros. Discovery'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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Warner Bros. Discovery ROCE % Chart

Warner Bros. Discovery Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.06

7.73

6.67

-9.58

-1.45

Warner Bros. Discovery Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-6.60	-2.29	-3.21	0.15	-0.41

Warner Bros. Discovery ROCE % Calculation

Warner Bros. Discovery'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 )
	=	-1642	/	( ( (134001 - 15017)	+	(122757 - 15332) )	/ 2 )
	=	-1642	/	( (118984	+	107425)	/ 2 )
	=	-1642	/	113204.5
	=	-1.45 %

Warner Bros. Discovery'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 )
	=	-444	/	( ( (123749 - 14588)	+	(122757 - 15332) )	/ 2 )
	=	-444	/	( ( 109161	+	107425 )	/ 2 )
	=	-444	/	108293
	=	-0.41 %

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

Warner Bros. Discovery (LTS:0IBD) 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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Warner Bros. Discovery (LTS:0IBD) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Warner Bros. Discovery Inc (LTS:0IBD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

WBD:USA 1WBD:Italy J5A:Germany DCVY34:Brazil WBDI:Austria

Address

230 Park Avenue South, New York, NY, USA, 10003

Website

https://www.wbd.com

Warner Bros. Discovery, the result of combining two large media firms, is one of the largest media firms in the world with tremendous scale and reach. The new company owns some of the biggest global networks including HBO, Discovery, CNN, and TLC and well-known franchises like Superman, Rick and Morty, and Game of Thrones. The firm's content production studios include Warner Bros., HBO, Discovery Studios, DC Films, and Cartoon Network Studios. The company operates two major streaming services, Max and Discovery+.

Warner Bros. Discovery (LTS:0IBD) Headlines

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