Reservoir Media (FRA:0RL0) ROCE % : 0.70% (As of Dec. 2023)

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What is Reservoir Media 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. Reservoir Media's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.70%.

Reservoir Media ROCE % Historical Data

The historical data trend for Reservoir Media'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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Reservoir Media ROCE % Chart

Reservoir Media Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

4.68

5.40

3.50

Reservoir Media Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial									2.09	4.02	2.79	3.78	0.70

Reservoir Media ROCE % Calculation

Reservoir Media's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	21.632	/	( ( (621.317 - 37.287)	+	(704.314 - 50.946) )	/ 2 )
	=	21.632	/	( (584.03	+	653.368)	/ 2 )
	=	21.632	/	618.699
	=	3.50 %

Reservoir Media's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	4.708	/	( ( (732.237 - 56.866)	+	(721.994 - 51.518) )	/ 2 )
	=	4.708	/	( ( 675.371	+	670.476 )	/ 2 )
	=	4.708	/	672.9235
	=	0.70 %

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

Reservoir Media (FRA:0RL0) 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.

Reservoir Media ROCE % Related Terms

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Reservoir Media (FRA:0RL0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Reservoir Media Inc (FRA:0RL0) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RSVR:USA

Address

200 Varick Street, Suite 801A, New York, NY, USA, 10014

Website

https://www.reservoir-media.com

Reservoir Media Inc is an independent music company. The company's segment includes Music Publishing; Recorded Music and others. It generates maximum revenue from the Music Publishing segment.

Reservoir Media (FRA:0RL0) Headlines

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