D and Z Media Acquisition (D and Z Media Acquisition) ROCE % : -0.83% (As of Sep. 2022)

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What is D and Z Media Acquisition 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. D and Z Media Acquisition's annualized ROCE % for the quarter that ended in Sep. 2022 was -0.83%.

D and Z Media Acquisition ROCE % Historical Data

The historical data trend for D and Z Media Acquisition'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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D and Z Media Acquisition ROCE % Chart

D and Z Media Acquisition Annual Data

Trend

Dec20

Dec21

ROCE %

-1.88

D and Z Media Acquisition Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
ROCE %	Get a 7-Day Free Trial			-0.50	-0.62	-1.06	-1.45	-0.83

D and Z Media Acquisition ROCE % Calculation

D and Z Media Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-2.696	/	( ( (0.231 - 0.26)	+	(288.768 - 1.261) )	/ 2 )
	=	-2.696	/	( (-0.029	+	287.507)	/ 2 )
	=	-2.696	/	143.739
	=	-1.88 %

D and Z Media Acquisition's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	-2.372	/	( ( (288.515 - 2.258)	+	(289.265 - 2.337) )	/ 2 )
	=	-2.372	/	( ( 286.257	+	286.928 )	/ 2 )
	=	-2.372	/	286.5925
	=	-0.83 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

D and Z Media Acquisition (NYSE:DNZ.WS) 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.

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