Video River Networks (Video River Networks) ROCE % : -64.73% (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Video River Networks 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. Video River Networks's annualized ROCE % for the quarter that ended in Dec. 2023 was -64.73%.

Video River Networks ROCE % Historical Data

The historical data trend for Video River Networks'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.

* Premium members only.

Video River Networks ROCE % Chart

Video River Networks Annual Data

Trend

Dec06

Dec07

Dec08

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-7.45

53.44

13.97

-0.03

Video River Networks 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															-73.01	31.51	45.41	-7.19	-64.73

Video River Networks ROCE % Calculation

Video River Networks'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 )
	=	-0.001	/	( ( (3.418 - 0.003)	+	(3.82 - 0.003) )	/ 2 )
	=	-0.001	/	( (3.415	+	3.817)	/ 2 )
	=	-0.001	/	3.616
	=	-0.03 %

Video River Networks'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 )
	=	-2.636	/	( ( (4.329 - 0.002)	+	(3.82 - 0.003) )	/ 2 )
	=	-2.636	/	( ( 4.327	+	3.817 )	/ 2 )
	=	-2.636	/	4.072
	=	-64.73 %

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

Video River Networks (OTCPK:NIHK) 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.

Video River Networks ROCE % Related Terms

Thank you for viewing the detailed overview of Video River Networks's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Video River Networks (Video River Networks) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Video River Networks Inc (OTCPK:NIHK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

370 Amapola Avenue, Suite 200A, Torrance, CA, USA, 90501

Website

https://www.videorivernetworks.net

Video River Networks Inc is a specialty real estate holding company. The company has two lines of real estate business which is to promote and preserve affordable housing and economic development across urban neighborhoods in the United States. It is also involved in the Electric Vehicles (EV) business, Artificial Intelligence, Machine Learning and Robotics assets, businesses and operations in North America.

Executives

Frank I Igwealor	director, 10 percent owner, officer: President and CEO	370 AMAPOLA AVE, SUITE 200A, TORRANCE CA 90501
Cannabinoid Biosciences, Inc.	director, 10 percent owner, officer: President and CEO	3699 WILSHIRE BLVD., SUITE 610, LOS ANGELES CA 90010
Video River Networks, Inc.	director, 10 percent owner, officer: President and CEO	1333 N. BUFFALO DR., SUITE 210, LAS VEGAS NV 89128
Daniel P Mcredmond	officer: Corporate Controller
Max Polinsky	director	10715 GULFDALE STE 200, SAN ANTONIO TX 78216
Patrick A Gorman	director
H Douglas Saathoff	officer: CEO
Myron Anduri	10 percent owner, officer: President, as of 01/01/04
Steven H. Jacobson	10 percent owner	P.O. BOX 24947, DENVER CO 80224-0947