Sirius XM Holdings (BSP:SRXM34) ROCE % : 8.71% (As of Dec. 2024)

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What is Sirius XM Holdings 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. Sirius XM Holdings's annualized ROCE % for the quarter that ended in Dec. 2024 was 8.71%.

Sirius XM Holdings ROCE % Historical Data

The historical data trend for Sirius XM Holdings'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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Sirius XM Holdings ROCE % Chart

Sirius XM Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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12.27

28.10

26.69

10.37

-5.98

Sirius XM Holdings Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															9.20	10.64	25.19	-70.05	8.71

Sirius XM Holdings ROCE % Calculation

Sirius XM Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-8352.269	/	( ( (147268.389 - 19359.11)	+	(167905.621 - 16661.831) )	/ 2 )
	=	-8352.269	/	( (127909.279	+	151243.79)	/ 2 )
	=	-8352.269	/	139576.5345
	=	-5.98 %

Sirius XM Holdings's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	12470.444	/	( ( (152195.357 - 16951.206)	+	(167905.621 - 16661.831) )	/ 2 )
	=	12470.444	/	( ( 135244.151	+	151243.79 )	/ 2 )
	=	12470.444	/	143243.9705
	=	8.71 %

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

Sirius XM Holdings (BSP:SRXM34) 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.

Sirius XM Holdings ROCE % Related Terms

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Sirius XM Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sirius XM Holdings Inc (BSP:SRXM34) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SIRI:USA SIRI1:Mexico 3HY:Germany 3HY:Germany

Address

1221 Avenue of the Americas, 35th Floor, New York, NY, USA, 10020

Website

https://www.siriusxm.com

Sirius XM operates almost exclusively in the US through its SiriusXM and Pandora audio services. SiriusXM is primarily a satellite radio service, which offers nationwide coverage and mostly ad-free listening, with proprietary channels and exclusive content. It makes agreements with automakers to install its radios in vehicles and give trial services to vehicle buyers, which have traditionally fed its subscriber base. The company operates the service through a handful of geostationary satellites that it owns and operates, but it now offers a streaming SiriusXM option as well. Pandora, which makes up a much smaller portion of revenue and profit, offers a subscription and ad-supported streaming music service that competes with industry giants like Spotify, Apple Music, and YouTube Music.

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