Glacier Media (TSX:GVC) ROCE % : -11.98% (As of Mar. 2024)

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What is Glacier 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. Glacier Media's annualized ROCE % for the quarter that ended in Mar. 2024 was -11.98%.

Glacier Media ROCE % Historical Data

The historical data trend for Glacier 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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Glacier Media ROCE % Chart

Glacier Media Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.40

-5.52

-0.65

-15.85

-23.32

Glacier Media Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-24.34	-21.69	-10.58	-33.48	-11.98

Glacier Media ROCE % Calculation

Glacier Media'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 )
	=	-36.636	/	( ( (237.557 - 47.756)	+	(172.196 - 47.776) )	/ 2 )
	=	-36.636	/	( (189.801	+	124.42)	/ 2 )
	=	-36.636	/	157.1105
	=	-23.32 %

Glacier Media's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-14.372	/	( ( (172.196 - 47.776)	+	(167.592 - 52.113) )	/ 2 )
	=	-14.372	/	( ( 124.42	+	115.479 )	/ 2 )
	=	-14.372	/	119.9495
	=	-11.98 %

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

Glacier Media (TSX:GVC) 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.

Glacier Media ROCE % Related Terms

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Glacier Media (TSX:GVC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Glacier Media Inc (TSX:GVC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GLMFF:USA

Address

2188 Yukon Street, Vancouver, BC, CAN, V5Y 3P1

Website

https://www.glaciermedia.ca

Glacier Media Inc offers information and marketing solutions. It operates in three segments Environmental, Property and Financial Information; Commodity Information; and Community Media. Environmental, Property and Financial Information includes the company's business-to-business content, marketing solutions and data information products that are environmental, and property-related. Commodity Information includes business-to-business content, marketing solutions, and data information products that are agriculture, energy and mining-related. The Community media segment includes the company's community media assets and related digital and printing operations. It has a business presence in the US and Canada and derives most of its revenue from the Community Media segment.

Executives

Mark Thomas Melville

Senior Officer

Glacier Media (TSX:GVC) Headlines

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