Nexxen International (Nexxen International) ROCE % : 6.93% (As of Dec. 2023)

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What is Nexxen International 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. Nexxen International's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.93%.

Nexxen International ROCE % Historical Data

The historical data trend for Nexxen International'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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Nexxen International ROCE % Chart

Nexxen International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.02

-1.63

16.08

7.48

-1.30

Nexxen International Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															6.69	-7.35	-3.93	-0.97	6.93

Nexxen International ROCE % Calculation

Nexxen International'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 )
	=	-8.784	/	( ( (956.161 - 280.566)	+	(904.803 - 229.437) )	/ 2 )
	=	-8.784	/	( (675.595	+	675.366)	/ 2 )
	=	-8.784	/	675.4805
	=	-1.30 %

Nexxen International'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 )
	=	46.72	/	( ( (867.432 - 194.845)	+	(904.803 - 229.437) )	/ 2 )
	=	46.72	/	( ( 672.587	+	675.366 )	/ 2 )
	=	46.72	/	673.9765
	=	6.93 %

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

Nexxen International (NAS:NEXN) 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.

Nexxen International ROCE % Related Terms

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Nexxen International (Nexxen International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Nexxen International Ltd (NAS:NEXN) » Definitions » ROCE %

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TTTPF:USA NEXN:UK

Address

82 Yigal Alon Street, 13th Floor, Tel Aviv, ISR, 6789124

Website

https://www.tremorinternational.com

Nexxen International Ltd empowers advertisers, agencies, publishers and broadcasters to utilize video and connected TV. It is a demand-side platform (DSP), supply-side platform (SSP), ad server and data management platform (DMP) and also delivers a flexible and unified technology stack with advanced and exclusive data at its core.