Polaris Media ASA (OSL:POL) ROCE % : -1.19% (As of Mar. 2024)

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What is Polaris Media ASA 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. Polaris Media ASA's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.19%.

Polaris Media ASA ROCE % Historical Data

The historical data trend for Polaris Media ASA'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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Polaris Media ASA ROCE % Chart

Polaris Media ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.03

6.17

4.44

2.23

-0.60

Polaris Media ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-4.29	8.50	1.79	-8.43	-1.19

Polaris Media ASA ROCE % Calculation

Polaris Media ASA'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 )
	=	-29.642	/	( ( (6061.956 - 1131.502)	+	(6060.252 - 1146.569) )	/ 2 )
	=	-29.642	/	( (4930.454	+	4913.683)	/ 2 )
	=	-29.642	/	4922.0685
	=	-0.60 %

Polaris Media ASA's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-55.2	/	( ( (6060.252 - 1146.569)	+	(5552.6 - 1171.4) )	/ 2 )
	=	-55.2	/	( ( 4913.683	+	4381.2 )	/ 2 )
	=	-55.2	/	4647.4415
	=	-1.19 %

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

Polaris Media ASA (OSL:POL) 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.

Polaris Media ASA ROCE % Related Terms

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Polaris Media ASA (OSL:POL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Polaris Media ASA (OSL:POL) » Definitions » ROCE %

Traded in Other Exchanges

93J:Germany

Address

Ferjemannsveien 10, Trondheim, NOR, 7042

Website

http://www.polarismedia.no

Polaris Media ASA is the largest media house and printing group. It owns and operates media houses, distribution companies and printing companies in Norway and on the west coast of Sweden. The company places great emphasis on the development of journalists as well as the individual media house's social missions and has a strong regional and local foundation with editorial freedom, independence, and transparency.

Polaris Media ASA (OSL:POL) Headlines

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