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SBGI (Sinclair) ROC % : 17.24% (As of Dec. 2024)


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What is Sinclair ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Sinclair's annualized return on capital (ROC %) for the quarter that ended in Dec. 2024 was 17.24%.

As of today (2025-03-03), Sinclair's WACC % is 7.00%. Sinclair's ROC % is 9.03% (calculated using TTM income statement data). Sinclair generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.


Sinclair ROC % Historical Data

The historical data trend for Sinclair's ROC % 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.

Sinclair ROC % Chart

Sinclair Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.89 0.14 5.05 -2.71 8.91

Sinclair Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
ROC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -23.77 4.21 4.43 10.80 17.24

Sinclair ROC % Calculation

Sinclair's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2024 is calculated as:

ROC % (A: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2023 ) + Invested Capital (A: Dec. 2024 ))/ count )
=531 * ( 1 - 19.24% )/( (4822 + 4804)/ 2 )
=428.8356/4813
=8.91 %

where

Sinclair's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=1028 * ( 1 - 20.44% )/( (4685 + 4804)/ 2 )
=817.8768/4744.5
=17.24 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2024) data.

* 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.


Sinclair  (NAS:SBGI) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Sinclair's WACC % is 7.00%. Sinclair's ROC % is 9.03% (calculated using TTM income statement data). Sinclair generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.


Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


Sinclair ROC % Related Terms

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Sinclair Business Description

Traded in Other Exchanges
N/A
Address
10706 Beaver Dam Road, Hunt Valley, MD, USA, 21030
Sinclair Inc. is the owner-operator of the second largest portfolio of television stations in the United States, with 185 full power stations in 86 markets. Of the firm's roughly 600 channels, 150 are affiliated with the four national broadcasters—Fox, ABC, CBS, and NBC—with over 80 other channels aligned with The CW (Nexstar) and MyNetworkTV (Fox). Sinclair owns the Tennis Channel and stakes in Marquee Sports Network and YES Network, providing their content to pay-TV distributors.
Executives
David R Bochenek officer: Controller and CAO 10706 BEAVER DAM ROAD, COCKEYSVILLE MD 21030
Daniel C Keith director 102 W PENNSYLVANIA AVE, STE 501, TOWSON MD 21204
David B Gibber officer: SVP & General Counsel 10706 BEAVER DAM ROAD, HUNT VALLEY MD 21030
Howard E Friedman director 6201 GREEN MEADOW WAY, BALTIMORE MD 21209
Jeffrey Edward Lewis officer: Chief Compliance Officer 10706 BEAVER DAM ROAD, HUNT VALLEY MD 21030
Benjamin Sr Carson director PO BOX 3599, BATTLE CREEK MI 49016-3599
Lawrence E Mccanna director 36 S CHARLES ST, STE 1800, BALTIMORE MD 21201
Frederick G Smith director, 10 percent owner, officer: Vice President 10706 BEAVER DAM RD, COCKEYSVILLE MD 21030
J Duncan Smith director, 10 percent owner, officer: Secretary 10706 BEAVER DAM RD, COCKEYSVILLE MD 21030
Laurie R Beyer director 6331 FALCONWOOD STREET, MIDDLE RIVER MD 21220
David D Smith director, 10 percent owner, officer: President C/O SINCLAIR BROADCAST GROUP, 2000 WEST 41ST ST, BALTIMORE MD 21211-1420
Justin Leroy Bray officer: VP & Treasurer 10706 BEAVER DAM ROAD, HUNT VALLEY MD 21030
Lucy Rutishauser officer: Treasurer and VP Corp. Finance 10706 BEAVER DAM RD, COCKEYSVILLE MD 21203
Barry Faber officer: Vice President-General Counsel 10706 BEAVER DAM ROAD, COCKEYSVILLE MD 21203
Benson E Legg director 393 SILVER MOSS DRIVE, VERO BEACH FL 32963