Corus Entertainment (LTS:0UR4) ROCE % : 18.74% (As of Nov. 2024)

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What is Corus Entertainment 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. Corus Entertainment's annualized ROCE % for the quarter that ended in Nov. 2024 was 18.74%.

Corus Entertainment ROCE % Historical Data

The historical data trend for Corus Entertainment'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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Corus Entertainment ROCE % Chart

Corus Entertainment Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

ROCE %

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-11.72

11.01

-2.71

-15.20

-53.99

Corus Entertainment Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial															14.85	3.31	-240.74	-3.32	18.74

Corus Entertainment ROCE % Calculation

Corus Entertainment's annualized ROCE % for the fiscal year that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	-842.553	/	( ( (2746.062 - 588.297)	+	(1486.908 - 523.468) )	/ 2 )
	=	-842.553	/	( (2157.765	+	963.44)	/ 2 )
	=	-842.553	/	1560.6025
	=	-53.99 %

Corus Entertainment's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	184.972	/	( ( (1486.908 - 523.468)	+	(1548.653 - 538.102) )	/ 2 )
	=	184.972	/	( ( 963.44	+	1010.551 )	/ 2 )
	=	184.972	/	986.9955
	=	18.74 %

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

Corus Entertainment (LTS:0UR4) 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.

Corus Entertainment ROCE % Related Terms

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Corus Entertainment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Corus Entertainment Inc (LTS:0UR4) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CJREF:USA 9CO:Germany CJR.B:Canada

Address

25 Dockside Drive, Corus Quay, Toronto, ON, CAN, M5A 0B5

Website

https://www.corusent.com

Corus Entertainment Inc is a media and content company that operates in the diversified media industry. The company has two business segments, which include Television, and Radio. The Television segment is comprised of its conventional television stations, streaming platforms, a social media digital agency, a social media creator network, technology, and media services. The Radio segment is comprised of several radio stations across Canada which are distributed through over-the-air, analog radio transmission, with additional delivery platforms including HD Radio, websites, podcasts, and mobile apps. A majority of the company's revenue is generated from the Television segment. Geographically, it derives key revenue from Canada and the rest from International markets.

Corus Entertainment Headlines

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