Entravision Communications (STU:EV9) ROCE % : -9.95% (As of Dec. 2023)

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What is Entravision Communications 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. Entravision Communications's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.95%.

Entravision Communications ROCE % Historical Data

The historical data trend for Entravision Communications'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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Entravision Communications ROCE % Chart

Entravision Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.39

1.33

10.21

6.98

-0.17

Entravision Communications 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															4.69	3.75	1.00	4.34	-9.95

Entravision Communications ROCE % Calculation

Entravision Communications'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 )
	=	-0.99	/	( ( (831.514 - 234.34)	+	(794.072 - 249.473) )	/ 2 )
	=	-0.99	/	( (597.174	+	544.599)	/ 2 )
	=	-0.99	/	570.8865
	=	-0.17 %

Entravision Communications'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 )
	=	-55.972	/	( ( (820.938 - 240.069)	+	(794.072 - 249.473) )	/ 2 )
	=	-55.972	/	( ( 580.869	+	544.599 )	/ 2 )
	=	-55.972	/	562.734
	=	-9.95 %

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

Entravision Communications (STU:EV9) 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.

Entravision Communications ROCE % Related Terms

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Entravision Communications (STU:EV9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Entravision Communications Corp (STU:EV9) » Definitions » ROCE %

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Traded in Other Exchanges

EVC:USA

Address

2425 Olympic Boulevard, Suite 6000 West, Santa Monica, CA, USA, 90404

Website

https://www.entravision.com

Entravision Communications Corp is a global media company. Its operations encompass integrated marketing and media solutions, comprised of television, radio, and digital properties and data analytics services. The company operates in television broadcasting, radio broadcasting, and digital media segments. It owns and operates more than 45 radio stations in 16 U.S. markets. The radio stations consist of approx 38 FM and 10 AM stations located in Arizona, California, Colorado, Florida, Nevada, New Mexico, and Texas. It also provides digital advertising solutions that allow advertisers to reach online Hispanic audiences worldwide.

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