Getty Images Holdings (Getty Images Holdings) ROCE % : 10.62% (As of Mar. 2024)

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What is Getty Images 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. Getty Images Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.62%.

Getty Images Holdings ROCE % Historical Data

The historical data trend for Getty Images 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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Getty Images Holdings ROCE % Chart

Getty Images Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

4.39

11.63

3.82

4.63

Getty Images Holdings Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									6.85	5.61	3.62	2.54	10.62

Getty Images Holdings ROCE % Calculation

Getty Images 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 )
	=	99.979	/	( ( (2468.183 - 322.495)	+	(2601.761 - 432.001) )	/ 2 )
	=	99.979	/	( (2145.688	+	2169.76)	/ 2 )
	=	99.979	/	2157.724
	=	4.63 %

Getty Images Holdings's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	230.048	/	( ( (2601.761 - 432.001)	+	(2585.453 - 422.327) )	/ 2 )
	=	230.048	/	( ( 2169.76	+	2163.126 )	/ 2 )
	=	230.048	/	2166.443
	=	10.62 %

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

Getty Images Holdings (NYSE:GETY.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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Getty Images Holdings (Getty Images Holdings) Business Description

Industry

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GETY:USA

Address

605 5th Avenue South, Suite 400, Seattle, WA, USA, 98104

Website

https://www.gettyimages.in

Getty Images Holdings Inc is engaged in the core mission of bringing the world's creative and editorial visual content solutions to its customers to engage their audiences. the company has developed market enhancements across e-commerce, content subscriptions, user-generated content, diverse and inclusive content, and proprietary research alongside investment in its technology platform, which includes artificial intelligence and machine learning-driven search functionality and image editing and integrated APIs, to become a trusted industry leader in the visual content. Geographically the company operates in the Americas, Europe, the Middle East, Africa, and Asia-Pacific, out of which a majority of its revenue is generated from the Americas.