Metropole Television (Metropole Television) ROCE % : 25.11% (As of Dec. 2023)

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What is Metropole 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. Metropole Television's annualized ROCE % for the quarter that ended in Dec. 2023 was 25.11%.

Metropole Television ROCE % Historical Data

The historical data trend for Metropole 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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Metropole Television ROCE % Chart

Metropole Television Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.98

32.91

25.74

16.39

22.53

Metropole Television Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															31.37	18.65	15.75	20.44	25.11

Metropole Television ROCE % Calculation

Metropole 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 )
	=	357.906	/	( ( (2105.297 - 566.737)	+	(2235.769 - 596.619) )	/ 2 )
	=	357.906	/	( (1538.56	+	1639.15)	/ 2 )
	=	357.906	/	1588.855
	=	22.53 %

Metropole Television's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	399.128	/	( ( (2067.172 - 527.844)	+	(2235.769 - 596.619) )	/ 2 )
	=	399.128	/	( ( 1539.328	+	1639.15 )	/ 2 )
	=	399.128	/	1589.239
	=	25.11 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Metropole Television (OTCPK:MTPVY) 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.

Metropole Television ROCE % Related Terms

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Metropole Television (Metropole Television) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Metropole Television SA (OTCPK:MTPVY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

0MGL:UK MMT:France MMT:Germany

Address

89, Avenue Charles-de-Gaulle, Cedex, Neuilly-sur-Seine, FRA, 92200

Website

https://www.groupem6.fr

Metropole Television SA is a media holding company that owns several television channels, magazines, publications, and movie production firms. Metropole Television SA's flagship channel is M6, a multimedia television network that displays a wide variety of content and includes dramas, news, comedies, films, and documentaries. Furthermore, Metropole owns production houses and operates digital content publications. The company generates the vast majority of its revenue from France. The RTL Group owns Metropole Television SA.