JHPSY (Johnston Press) ROCE % : 56.75% (As of Jun. 2018)

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What is Johnston Press 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. Johnston Press's annualized ROCE % for the quarter that ended in Jun. 2018 was 56.75%.

Johnston Press ROCE % Historical Data

The historical data trend for Johnston Press'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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Johnston Press ROCE % Chart

Johnston Press Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

ROCE %

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-34.25

1.37

4.25

-63.80

-43.62

Johnston Press Semi-Annual Data
	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
ROCE %	Get a 7-Day Free Trial															-76.22	-72.41	0.54	-91.31	56.75

Johnston Press ROCE % Calculation

Johnston Press's annualized ROCE % for the fiscal year that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	-99.311	/	( ( (318.559 - 49.772)	+	(234.832 - 48.312) )	/ 2 )
	=	-99.311	/	( (268.787	+	186.52)	/ 2 )
	=	-99.311	/	227.6535
	=	-43.62 %

Johnston Press's ROCE % of for the quarter that ended in Jun. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2018 )		(Q: Dec. 2017 )		(Q: Jun. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2018 )		(Q: Dec. 2017 )		(Q: Jun. 2018 )
	=	43.22	/	( ( (234.832 - 48.312)	+	(218.515 - 252.721) )	/ 2 )
	=	43.22	/	( ( 186.52	+	-34.206 )	/ 2 )
	=	43.22	/	76.157
	=	56.75 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2018) EBIT data.

Johnston Press (OTCPK:JHPSY) 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.

Johnston Press ROCE % Related Terms

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Johnston Press Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Johnston Press PLC (OTCPK:JHPSY) » Definitions » ROCE %

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Address

30 Queensferry Road, Orchard Brae House, Edinburgh, GBR, EH4 2HS

Website

http://www.johnstonpress.co.uk

Johnston Press PLC is engaged in the multimedia business. The company is one of the largest local and regional multimedia organizations primarily providing news and information services at local and regional level through various publications and websites in the UK. Its business is organized in two segments namely Publishing and Contract Printing. It also manages smartphone applications, websites, and distributes lifestyle magazines. Its brands include Ballymena and Antrim Times, Banbridge Leader, Banbury Guardian, Belper News, Carrick Times, Mid-Sussex Times, Sunday Journal, Isle of Man Examiner and Yorkshire Post. Johnston Press generates most of its revenues through its publishing business.

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