GTN (Gray Television) ROCE % : 10.10% (As of Sep. 2024)

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What is Gray Television 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. Gray Television's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.10%.

Gray Television ROCE % Historical Data

The historical data trend for Gray Television'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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Gray Television ROCE % Chart

Gray Television Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.94

10.42

4.12

9.02

3.41

Gray Television 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															2.85	4.05	9.11	5.70	10.10

Gray Television ROCE % Calculation

Gray Television'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 )
	=	358	/	( ( (11152 - 409)	+	(10640 - 395) )	/ 2 )
	=	358	/	( (10743	+	10245)	/ 2 )
	=	358	/	10494
	=	3.41 %

Gray Television'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 )
	=	1032	/	( ( (10634 - 331)	+	(10631 - 508) )	/ 2 )
	=	1032	/	( ( 10303	+	10123 )	/ 2 )
	=	1032	/	10213
	=	10.10 %

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

Gray Television (NYSE:GTN) 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.

Gray Television ROCE % Related Terms

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Gray Television Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Gray Television Inc (NYSE:GTN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GTN.A:USA GCZA:Germany GCZB:Germany GCZB:Germany

Address

4370 Peachtree Road NE, Atlanta, GA, USA, 30319

Website

https://www.gray.tv

Gray Television Inc is a television broadcast company. The company is engaged in owning and operating television stations. It also owns video program production, marketing, and digital business. It has two segments namely, Broadcasting and Production companies. Majority of the revenue is generated from the broadcasting segment which operates television stations in local markets in the United States.

Executives

Kevin Paul Latek	officer: EVP Chief L & D Officer	4370 PEACHTREE ROAD, NE, ATLANTA GA 30319
Howell Hilton H Jr	director, officer: Chairman, President & CEO	4370 PEACHTREE ROAD, N.E., ATLANTA GA 30319
Robin Robinson Howell	director	3656 TUXEDO ROAD NW, ATLANTA GA 30305
Richard Lee Boger	director
T L Elder	director	5087 PINE BARK CIRCLE, DUNWOODY GA 30338
Sandra Breland Mcnamara	officer: Executive Vice President, COO	4370 PEACHTREE ROAD, NE, ATLANTA GA 30319
Harriett J Robinson	director
Paul Mctear	director	1451 WEST CYPRESS CREEK ROAD, SUITE 300, FORT LAUDERDALE FL 33309
D Patrick Laplatney	director	1451 WEST CYPRUS CREEK ROAD, SUITE 300, FORT LAUDERDALE FL 33309
Cowart Jackson S Iv	officer: Chief Accounting Officer	126 N WASHINGTON STREET, ALBANY GA 31701
James C Ryan	officer: EVP & Chief Financial Officer
Lorri Mcclain	director	4370 PEACHTREE ROAD, NE, ATLANTA GA 30319
Robert Lawrence Smith	officer: SVP & COO	4370 PEACHTREE ROAD NE, SUITE 400, ATLANTA GA 30319
Spainhour Sterling A Jr.	director	4370 PEACHTREE ROAD, NE, ATLANTA GA 30319
Bankers Fidelity Life Insurance Co	10 percent owner	4370 PEACHTREE ROAD NE, ATLANTA GA 30319