Network Media Group (Network Media Group) ROCE % : -20.03% (As of Feb. 2024)

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What is Network Media Group 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. Network Media Group's annualized ROCE % for the quarter that ended in Feb. 2024 was -20.03%.

Network Media Group ROCE % Historical Data

The historical data trend for Network Media Group'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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Network Media Group ROCE % Chart

Network Media Group Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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80.58

17.51

-24.51

7.00

0.76

Network Media Group Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-23.64	-23.64	35.94	15.11	-20.03

Network Media Group ROCE % Calculation

Network Media Group's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	0.063	/	( ( (15.278 - 6.706)	+	(14.466 - 6.449) )	/ 2 )
	=	0.063	/	( (8.572	+	8.017)	/ 2 )
	=	0.063	/	8.2945
	=	0.76 %

Network Media Group's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-1.588	/	( ( (14.466 - 6.449)	+	(14.87 - 7.029) )	/ 2 )
	=	-1.588	/	( ( 8.017	+	7.841 )	/ 2 )
	=	-1.588	/	7.929
	=	-20.03 %

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

Network Media Group (OTCPK:NETWF) 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.

Network Media Group ROCE % Related Terms

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Network Media Group (Network Media Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Network Media Group Inc (OTCPK:NETWF) » Definitions » ROCE %

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NTE:Canada

Address

1525 West 8 Avenue, Suite 207, Vancouver, BC, CAN, V6C 1T5

Website

https://www.networkentertainment.ca

Network Media Group Inc is a television, film, and NFT production company. Through its subsidiaries, the company is engaged in the development and production of entertainment content. The company develops and produces film, and television and NFT properties in addition to providing production services to third parties. The principal business of the company is the development, financing, production, marketing and distribution of documentaries and docu-series. Network NFT Studios collaborates with IP owners, artists and top talent to create engagement campaigns using non-fungible tokens.

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