Spicy Entertainment and Media (BOM:540084) ROCE % : -59.23% (As of Mar. 2023)

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What is Spicy Entertainment and Media 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. Spicy Entertainment and Media's annualized ROCE % for the quarter that ended in Mar. 2023 was -59.23%.

Spicy Entertainment and Media ROCE % Historical Data

The historical data trend for Spicy Entertainment and Media'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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Spicy Entertainment and Media ROCE % Chart

Spicy Entertainment and Media Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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0.68

0.31

-1.92

-1.79

-26.93

Spicy Entertainment and Media Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
ROCE %	Get a 7-Day Free Trial													-20.15	-2.18	-1.42	6.42	-59.23

Spicy Entertainment and Media ROCE % Calculation

Spicy Entertainment and Media's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-46.377	/	( ( (1418.788 - 1248.163)	+	(1932.471 - 1758.689) )	/ 2 )
	=	-46.377	/	( (170.625	+	173.782)	/ 2 )
	=	-46.377	/	172.2035
	=	-26.93 %

Spicy Entertainment and Media'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 )
	=	-103.92	/	( ( (1831.874 - 1654.774)	+	(1932.471 - 1758.689) )	/ 2 )
	=	-103.92	/	( ( 177.1	+	173.782 )	/ 2 )
	=	-103.92	/	175.441
	=	-59.23 %

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

Spicy Entertainment and Media (BOM:540084) 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.

Spicy Entertainment and Media ROCE % Related Terms

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Spicy Entertainment and Media (BOM:540084) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Spicy Entertainment and Media Ltd (BOM:540084) » Definitions » ROCE %

Comparable Companies

HLWD BOM:535647 BOM:533268 AFOM BOM:531668 BOM:590070 BOM:532350 BOM:532392 NSE:ORTEL BOM:531925

Traded in Other Exchanges

N/A

Address

68, R. K. Chatterjee Road Kasba, Rash Behari Connector, 3rd Floor, Kolkata, WB, IND, 700042

Website

https://www.spicyy.in

Spicy Entertainment and Media Ltd is a media and entertainment company. It offers end-to-end integrated services including Production, Post Production and Media and Creative Services to production houses, studios, and broadcasters.

Spicy Entertainment and Media (BOM:540084) Headlines

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