Music Licensing (Music Licensing) ROCE % : 876.43% (As of Jun. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Music Licensing 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. Music Licensing's annualized ROCE % for the quarter that ended in Jun. 2023 was 876.43%.

Music Licensing ROCE % Historical Data

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.

* Premium members only.

Music Licensing ROCE % Chart

Music Licensing Annual Data

Trend

Dec21

Dec22

ROCE %

-1,709.09

Music Licensing Quarterly Data
	Dec21	Dec22	Mar23	Jun23
ROCE %	-	-	15,324.00	876.43

Music Licensing ROCE % Calculation

Music Licensing's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.402	/	( ( (0.221 - 0.21)	+	(0.046 - 0.097) )	/ 2 )
	=	-0.402	/	( (0.011	+	-0.051)	/ 2 )
	=	-0.402	/	-0.02
	=	2,010.00 %

Music Licensing's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	372.952	/	( ( (39.763 - 0.104)	+	(45.509 - 0.061) )	/ 2 )
	=	372.952	/	( ( 39.659	+	45.448 )	/ 2 )
	=	372.952	/	42.5535
	=	876.43 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

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

Thank you for viewing the detailed overview of Music Licensing's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Music Licensing (Music Licensing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Music Licensing Inc (OTCPK:SONG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3811 Airport Pulling Rd N, Suite 203, Naples, FL, USA, 34105-2512

Website

https://www.promusicrights.com

Music Licensing Inc is an operator of 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.