SONG (Music Licensing) ROCE %: -335.14% (As of Jun. 2024)


What is Music Licensing ROCE %?

Music Licensing SONG ROCE % is -335.14% as of Jun. 2024.

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. Music Licensing's annualized ROCE % for the quarter that ended in Jun. 2024 was -335.14%.

Music Licensing  (OTCPK:SONG) 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.

Music Licensing ROCE % Related Terms

Music Licensing ROCE % Historical Data

* Premium members only.

The historical data trend for Music Licensing'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.

Music Licensing ROCE % Chart

Music Licensing Annual Data
Trend Dec21 Dec22 Dec23
ROCE %
-1,709.09 0.00 3,179.94

Music Licensing Quarterly Data
Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
ROCE % Get a 7-Day Free Trial 53.93 705.89 713.93 796.67 -335.14

Music Licensing ROCE % Calculation

Music Licensing'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 )
=1039.666/( ( (3.597 - 0.097) + (62.299 - 0.41) )/ 2 )
=1039.666/( (3.5+61.889)/ 2 )
=1039.666/32.6945
=3,179.94 %

Music Licensing's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=-100.272/( ( (41.699 - 0.41) + (19.053 - 0.504) )/ 2 )
=-100.272/( ( 41.289 + 18.549 )/ 2 )
=-100.272/29.919
=-335.14 %

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

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -335.14% mean?
Music Licensing (SONG) has a ROCE % of -335.14% as of Jun. 2024.
Is Music Licensing's ROCE % too high?
Music Licensing's current ROCE % is -335.14%.
How does Music Licensing's ROCE % compare to NFLX and DIS?
Music Licensing's ROCE % of -335.14% can be compared against companies in the Media - Diversified industry. The industry median ROCE % is 3.10. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Media - Diversified company?
The median ROCE % among Media - Diversified companies is 3.10, based on 988 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Media - Diversified industry, the median ROCE % is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Music Licensing's current ROCE % is -335.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Music Licensing stock overvalued right now?
Music Licensing (SONG) has a current ROCE % of -335.14%. The current ROCE % is -335.14%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Music Licensing (SONG), the current ROCE % is -335.14% as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Music Licensing Business Description

Address 382 NE 191st Street, Miami, FL, USA, 33179
Music Licensing Inc is an operator of a public performance rights organization. The group is a music performing rights organization that represents songwriters, composers, and music publishers and issues public performance licenses to businesses. Its customers include television and radio stations, internet/streaming services, and mobile technologies, Satellite audio services like XM and Sirius, nightclubs, restaurants, bars, and other venues. The group generates revenue from monthly or annual license fees. The company licenses music to some of the prominent platforms and businesses, including TikTok, iHeartMedia, Triller, Napster, 7Digital, Vevo, & many others.