Channel Nine Entertainment (BOM:535142) ROCE % : -1.50% (As of Mar. 2023)

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What is Channel Nine Entertainment 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. Channel Nine Entertainment's annualized ROCE % for the quarter that ended in Mar. 2023 was -1.50%.

Channel Nine Entertainment ROCE % Historical Data

The historical data trend for Channel Nine Entertainment'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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Channel Nine Entertainment ROCE % Chart

Channel Nine Entertainment Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

ROCE %

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0.10

-0.64

0.03

-1.44

-1.62

Channel Nine Entertainment Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
ROCE %	Get a 7-Day Free Trial															-2.36	-1.61	-1.64	-1.58	-1.50

Channel Nine Entertainment ROCE % Calculation

Channel Nine Entertainment's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	-5.061	/	( ( (342.142 - 31.444)	+	(342.753 - 30.508) )	/ 2 )
	=	-5.061	/	( (310.698	+	312.245)	/ 2 )
	=	-5.061	/	311.4715
	=	-1.62 %

Channel Nine Entertainment's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	-4.696	/	( ( (342.395 - 30.046)	+	(344.417 - 30.376) )	/ 2 )
	=	-4.696	/	( ( 312.349	+	314.041 )	/ 2 )
	=	-4.696	/	313.195
	=	-1.50 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2023) EBIT data.

Channel Nine Entertainment (BOM:535142) 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.

Channel Nine Entertainment ROCE % Related Terms

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Channel Nine Entertainment (BOM:535142) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Channel Nine Entertainment Ltd (BOM:535142) » Definitions » ROCE %

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Address

Asaf Ali Road, 3/12, Ground Floor, New Delhi, IND, 110002

Website

http://www.channelnineentertainment.com

Channel Nine Entertainment Ltd is engaged in the business of production, marketing, distribution of Television serials, Television Programmes, Films, Video films, Corporate Films, Feature films, Documentaries, and Marketing of sports and Entertainment events. The company outsources processing services like content development, multimedia, editing and sound recording.

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