TVA Group (TSX:TVA.B) ROCE % : 6.86% (As of Sep. 2024)

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What is TVA Group 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. TVA Group's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.86%.

TVA Group ROCE % Historical Data

The historical data trend for TVA Group'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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TVA Group ROCE % Chart

TVA Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.43

13.10

11.18

-2.67

-13.94

TVA Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															2.41	-18.24	-21.05	-0.01	6.86

TVA Group ROCE % Calculation

TVA Group'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 )
	=	-59.625	/	( ( (676.07 - 262.547)	+	(626.51 - 184.586) )	/ 2 )
	=	-59.625	/	( (413.523	+	441.924)	/ 2 )
	=	-59.625	/	427.7235
	=	-13.94 %

TVA Group's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	24.424	/	( ( (607.384 - 257.238)	+	(610.04 - 248.269) )	/ 2 )
	=	24.424	/	( ( 350.146	+	361.771 )	/ 2 )
	=	24.424	/	355.9585
	=	6.86 %

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

TVA Group (TSX:TVA.B) 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.

TVA Group ROCE % Related Terms

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TVA Group Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » TVA Group Inc (TSX:TVA.B) » Definitions » ROCE %

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Address

1600 de Maisonneuve Boulevard East, Montreal, QC, CAN, H2L 4P2

Website

https://www.groupetva.ca

TVA Group Inc is a Canada-based communications company engaged in broadcasting, film production and audiovisual services, international production and distribution of television content, and magazine publishing businesses. The Corporation's segments include 1)The Broadcasting segment 2)The Film Production and Audiovisual Services segment 3) The Magazines segment 4) The Production and Distribution segment. The majority of revenue is from the Broadcasting segment.

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