Entertainment Network (India) (NSE:ENIL) ROCE % : 6.89% (As of Dec. 2024)

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What is Entertainment Network (India) 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. Entertainment Network (India)'s annualized ROCE % for the quarter that ended in Dec. 2024 was 6.89%.

Entertainment Network (India) ROCE % Historical Data

The historical data trend for Entertainment Network (India)'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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Entertainment Network (India) ROCE % Chart

Entertainment Network (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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3.24

-12.61

-2.48

-17.24

6.41

Entertainment Network (India) Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															13.79	6.31	-1.48	0.72	6.89

Entertainment Network (India) ROCE % Calculation

Entertainment Network (India)'s annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	550.827	/	( ( (12012.577 - 4235.739)	+	(12563.946 - 3151.161) )	/ 2 )
	=	550.827	/	( (7776.838	+	9412.785)	/ 2 )
	=	550.827	/	8594.8115
	=	6.41 %

Entertainment Network (India)'s ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	629.876	/	( ( (11959.858 - 2824.333)	+	(0 - 0) )	/ 1 )
	=	629.876	/	( ( 9135.525	+	0 )	/ 1 )
	=	629.876	/	9135.525
	=	6.89 %

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

Entertainment Network (India) (NSE:ENIL) 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.

Entertainment Network (India) ROCE % Related Terms

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Entertainment Network (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Entertainment Network (India) Ltd (NSE:ENIL) » Definitions » ROCE %

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532700:India

Address

Senapati Bapat Marg, 14th Floor, Trade World, D wing, Kamala Mills Compound, Lower Parel (West), Mumbai, MH, IND, 400013

Website

https://www.enil.co.in

Entertainment Network (India) Ltd is a radio broadcasting company. It operates FM radio broadcasting stations in various Indian cities under the brand names Mirchi, Mirchi Love, and Kool FM. The company's principal revenue stream is advertising revenue which is generated through the sale of airtime in its FM radio broadcasting stations, activations, concerts, and monetization of the company's digital and other media properties. It is also engaged in the business of licensing music audio content and hosting and streaming such music audio content in different languages through applications dedicated to online music streaming under the name Gaana. The firm operates in a single segment which is Media and Entertainment, and derives its key revenue from the Indian market.

Entertainment Network (India) Headlines

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