Manila Broadcasting Co (PHS:MBC) ROCE % : 5.10% (As of Mar. 2024)

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What is Manila Broadcasting Co 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. Manila Broadcasting Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.10%.

Manila Broadcasting Co ROCE % Historical Data

The historical data trend for Manila Broadcasting Co'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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Manila Broadcasting Co ROCE % Chart

Manila Broadcasting Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.95

8.91

7.74

10.03

5.82

Manila Broadcasting Co 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															7.02	5.77	2.90	11.93	5.10

Manila Broadcasting Co ROCE % Calculation

Manila Broadcasting Co'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 )
	=	111.327	/	( ( (2676.627 - 869.974)	+	(2799.963 - 777.876) )	/ 2 )
	=	111.327	/	( (1806.653	+	2022.087)	/ 2 )
	=	111.327	/	1914.37
	=	5.82 %

Manila Broadcasting Co'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 )
	=	103.348	/	( ( (2799.963 - 777.876)	+	(2782.472 - 748.684) )	/ 2 )
	=	103.348	/	( ( 2022.087	+	2033.788 )	/ 2 )
	=	103.348	/	2027.9375
	=	5.10 %

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

Manila Broadcasting Co (PHS:MBC) 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.

Manila Broadcasting Co ROCE % Related Terms

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Manila Broadcasting Co (PHS:MBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Manila Broadcasting Co (PHS:MBC) » Definitions » ROCE %

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Address

MBC Building, V. Sotto Street, Roxas Boulevard, CCP Complex, Metro Manila, Pasay City, PHL, 1307

Website

https://manilabroadcasting.com.ph

Manila Broadcasting Co owns and operates radio stations. It is principally engaged in the radio broadcasting business which includes various programming formats, such as DZRH and Aksyon Radyo, Love Radio, Yes-FM, Hot-FM, Easy Rock, and Radyo Natin. The company also broadcasts and organizes events, and produces and sponsors concerts. The activity of the group is operated through cities or towns of the Philippines. The revenue sources of the company are derived from the provision of services like broadcasting, hosting and customer event, and digital services.