Thunderbird Entertainment Group (TSXV:TBRD) ROCE % : 8.38% (As of Dec. 2023)

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What is Thunderbird Entertainment 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. Thunderbird Entertainment Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.38%.

Thunderbird Entertainment Group ROCE % Historical Data

The historical data trend for Thunderbird Entertainment 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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Thunderbird Entertainment Group ROCE % Chart

Thunderbird Entertainment Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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3.88

10.77

11.47

3.84

-4.36

Thunderbird Entertainment Group 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															0.94	-8.22	-12.24	-1.00	8.38

Thunderbird Entertainment Group ROCE % Calculation

Thunderbird Entertainment Group's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-4.087	/	( ( (223.718 - 127.061)	+	(215.854 - 125.224) )	/ 2 )
	=	-4.087	/	( (96.657	+	90.63)	/ 2 )
	=	-4.087	/	93.6435
	=	-4.36 %

Thunderbird Entertainment 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: 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 )
	=	7.512	/	( ( (215.596 - 125.346)	+	(187.018 - 98.021) )	/ 2 )
	=	7.512	/	( ( 90.25	+	88.997 )	/ 2 )
	=	7.512	/	89.6235
	=	8.38 %

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

Thunderbird Entertainment Group (TSXV:TBRD) 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.

Thunderbird Entertainment Group ROCE % Related Terms

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Thunderbird Entertainment Group (TSXV:TBRD) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Thunderbird Entertainment Group Inc (TSXV:TBRD) » Definitions » ROCE %

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THBRF:USA

Address

123 West 7th Avenue, Vancouver, BC, CAN, V5Y 1L8

Website

https://www.thunderbird.tv

Thunderbird Entertainment Group Inc is a multi-platform media company that develops, produces, and distributes film and television programming for the domestic and international markets. The company's programs cover multiple genres with a focus on kids and family entertainment, scripted comedy, drama, and factual non-scripted content. The company operates primarily through one operating segment being film and television production and distribution.

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