Tv AztecaB de CV (STU:G4Z) ROCE % : 67.50% (As of Dec. 2022)

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What is Tv AztecaB de CV 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. Tv AztecaB de CV's annualized ROCE % for the quarter that ended in Dec. 2022 was 67.50%.

Tv AztecaB de CV ROCE % Historical Data

The historical data trend for Tv AztecaB de CV'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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Tv AztecaB de CV ROCE % Chart

Tv AztecaB de CV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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8.87

9.37

-2.23

25.49

54.91

Tv AztecaB de CV Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
ROCE %	Get a 7-Day Free Trial															65.32	58.98	40.26	38.99	67.50

Tv AztecaB de CV ROCE % Calculation

Tv AztecaB de CV'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 )
	=	130.327	/	( ( (1173.639 - 965.511)	+	(1190.44 - 923.903) )	/ 2 )
	=	130.327	/	( (208.128	+	266.537)	/ 2 )
	=	130.327	/	237.3325
	=	54.91 %

Tv AztecaB de CV's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	181.356	/	( ( (1361.14 - 1090.36)	+	(1190.44 - 923.903) )	/ 2 )
	=	181.356	/	( ( 270.78	+	266.537 )	/ 2 )
	=	181.356	/	268.6585
	=	67.50 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

Tv AztecaB de CV (STU:G4Z) 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.

Tv AztecaB de CV ROCE % Related Terms

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Tv AztecaB de CV (STU:G4Z) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Tv Azteca SAB de CV (STU:G4Z) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Periferico sur 4121, Col Fuentes del Pedregal, MEX

Website

http://www.irtvazteca.com

Tv Azteca SAB de CV is primarily involved in the production of Spanish-language television programming. It operates four television channels in Mexico: Azteca uno, which is oriented to women, Azteca 7 which focuses on contemporary families, adn40 which focuses on a first 24-hour informative television channel, and a + which is for a network of local signals. The company also owns two soccer teams of the first division of the Mexican Football Federation and operates Azteca Internet. It also produces a variety of content, including series, reality shows, news, broadcasts, sports broadcasts, music programs, contest shows, talk shows and variety shows. It derives most of its revenues from the sale of the television programming and has operations spread across Mexico.

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