Telecom Italia Media SPA (MIL:TME) ROCE % : 49.57% (As of Jun. 2015)

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What is Telecom Italia Media SPA 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. Telecom Italia Media SPA's annualized ROCE % for the quarter that ended in Jun. 2015 was 49.57%.

Telecom Italia Media SPA ROCE % Historical Data

The historical data trend for Telecom Italia Media SPA'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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Telecom Italia Media SPA ROCE % Chart

Telecom Italia Media SPA Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

ROCE %

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-15.38

-21.52

-141.65

Telecom Italia Media SPA Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
ROCE %	Get a 7-Day Free Trial															-	-4.06	225.28	69.56	49.57

Telecom Italia Media SPA ROCE % Calculation

Telecom Italia Media SPA's annualized ROCE % for the fiscal year that ended in Dec. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	5.892	/	( ( (258.419 - 284.58)	+	(322.409 - 302.94) )	/ 2 )
	=	5.892	/	( (-26.161	+	19.469)	/ 2 )
	=	5.892	/	-3.346
	=	-176.09 %

Telecom Italia Media SPA's ROCE % of for the quarter that ended in Jun. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2015 )		(Q: Mar. 2015 )		(Q: Jun. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2015 )		(Q: Mar. 2015 )		(Q: Jun. 2015 )
	=	22.54	/	( ( (328.854 - 312.017)	+	(302.335 - 228.228) )	/ 2 )
	=	22.54	/	( ( 16.837	+	74.107 )	/ 2 )
	=	22.54	/	45.472
	=	49.57 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2015) EBIT data.

Telecom Italia Media SPA (MIL:TME) 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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Telecom Italia Media SPA (MIL:TME) Business Description

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Website

http://www.telecomitaliamedia.it

Telecom Italia Media SPA is incorporated in Italy. The Company is a diversified media company. It operates in newswire output, TV production and content for TV and the web with the brands La7. It also broadcast MTV Italia channel that provides music & entertainment programs. It operates as network operator through Telecom Italia Media Broadcasting (100% owned by TI Media), and in the television industry through MTV Italia (51% owned by TI Media and 49% by Viacom). The Company provides broadcasting capacity and technological solutions for television operators, which are equipped with cutting-edge technology in the field of telecommunications and electronics.