Atlanta Braves Holdings (FRA:E45) ROCE % : 6.34% (As of Sep. 2024)

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What is Atlanta Braves 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. Atlanta Braves Holdings's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.34%.

Atlanta Braves Holdings ROCE % Historical Data

The historical data trend for Atlanta Braves 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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Atlanta Braves Holdings ROCE % Chart

Atlanta Braves Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.21

-6.13

1.50

-0.15

-7.16

Atlanta Braves Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															3.65	-8.72	-14.66	13.15	6.34

Atlanta Braves Holdings ROCE % Calculation

Atlanta Braves Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-83.892	/	( ( (1407.184 - 227.42)	+	(1379.471 - 214.278) )	/ 2 )
	=	-83.892	/	( (1179.764	+	1165.193)	/ 2 )
	=	-83.892	/	1172.4785
	=	-7.16 %

Atlanta Braves Holdings's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	70.156	/	( ( (1462.076 - 360.61)	+	(1403.08 - 289.814) )	/ 2 )
	=	70.156	/	( ( 1101.466	+	1113.266 )	/ 2 )
	=	70.156	/	1107.366
	=	6.34 %

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

Atlanta Braves Holdings (FRA:E45) 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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Atlanta Braves Holdings Business Description

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Address

12300 Liberty Boulevard, Englewood, CO, USA, 80112

Website

https://www.bravesholdings.com

Atlanta Braves Holdings Inc is a holding company. It operates through its wholly-owned subsidiary, which is the owner and operator of the Atlanta Braves Major League Baseball Club and the mixed-use real estate development, The Battery Atlanta, and is the operator of the Atlanta Braves Major League Baseball Club's stadium, Truist Park. The company predominantly derives revenue related to the Braves baseball franchise and Truist Park from ticket sales, concessions, local broadcasting rights, advertising sponsorships, suites and premium seat fees, retail and licensing revenue, shared MLB revenue streams, including national broadcasting rights and licensing, and other sources. The company's reportable segments include, baseball which generates key revenue, and mixed-use development.

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