iHeartMedia (iHeartMedia) ROCE %

: 66.75% (As of Dec. 2023)

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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. iHeartMedia's annualized ROCE % for the quarter that ended in Dec. 2023 was 66.75%.

iHeartMedia ROCE % Historical Data

The historical data trend for iHeartMedia'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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iHeartMedia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

0.01

2.57

4.74

2.51

iHeartMedia Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																24.81	-2.73	-51.68	5.25	66.75

iHeartMedia ROCE % Calculation

iHeartMedia'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 )
	=	170.976	/	( ( (8335.887 - 831.818)	+	(6952.611 - 848.436) )	/ 2 )
	=	170.976	/	( (7504.069	+	6104.175)	/ 2 )
	=	170.976	/	6804.122
	=	2.51 %

iHeartMedia'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 )
	=	4084.576	/	( ( (6877.518 - 742.66)	+	(6952.611 - 848.436) )	/ 2 )
	=	4084.576	/	( ( 6134.858	+	6104.175 )	/ 2 )
	=	4084.576	/	6119.5165
	=	66.75 %

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

iHeartMedia (NAS:IHRT) 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.

iHeartMedia ROCE % Related Terms

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iHeartMedia (iHeartMedia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » iHeartMedia Inc (NAS:IHRT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IHRTB:USA

Address

20880 Stone Oak Parkway, San Antonio, TX, USA, 78258

Website

https://www.iheartmedia.com

iHeartMedia Inc is a us-based diversified media and entertainment company. It operates through the segments of the Multiplatform Group, the Digital Audio Group, and the Audio & Media Services Group. The company derives prime revenue from the Multiplatform Group segment which includes the company's Broadcast radio, Networks and Sponsorships, and Events businesses. The Digital Audio Group segment includes all of the company's digital businesses, including podcasting; and the Audio & Media Services Group includes Katz Media Group, a full-service media representation business, and RCS Sound Software, a provider of scheduling and broadcast software and services.

Executives

Robert W Pittman	director, officer: Chief Executive Officer	C/O CENDANT, 9 WEST 57TH ST, NEW YORK NY 10019
Scott D Hamilton	officer: See Remarks	200 EAST BASSE ROAD, SAN ANTONIO TX 78209
Michael B Mcguinness	officer: EVP-Finance & Deputy CFO	C/O THE HAIN CELESTIAL GROUP, INC., 1111 MARCUS AVENUE, LAKE SUCCESS NY 11042
Richard J Bressler	director, officer: President, COO and CFO	1515 BROADWAY, NEW YORK NY 10036
James A Rasulo	director	20880 STONE OAK PARKWAY, SAN ANTONIO TX 78258
Global Media & Entertainment Investments Ltd	10 percent owner	C/O RHONE, BLDG. 2, WESTERN BUS. CNTR., MT. PLEASANT VLG., WESTERN RD, SP63131, NASSAU C5 00000
Simon Groom	10 percent owner	C/O GROOM HILL, 24 BOULEVARD PRINCESSE CHARLOTTE, MONACO O9 98000
Global Media & Entertainment Investments Trust	10 percent owner	C/O GROOM HILL, 24 BOULEVARD PRINCESSE CHARLOTTE, MONACO O9 98000
Michael Tabor	10 percent owner	C/O GROOM HILL, 24 BOULEVARD PRINCESSE CHARLOTTE, MONACO O9 98000
James W. Hill	10 percent owner	C/O GROOM HILL, 24 BOULEVARD PRINCESSE CHARLOTTE, MONACO O9 98000
Samuel Eli Englebardt	director	C/O IHEARTMEDIA, INC., 20880 STONE OAK PARKWAY, SAN ANTONIO TX 78258
Silver Point Capital L.p.	10 percent owner	TWO GREENWICH PLAZA, SUITE 1, GREENWICH CT 06830
Edward A Mule	director, 10 percent owner	C/O SILVER POINT CAPITAL L.P., TWO GREENWICH PLAZA, FIRST FLOOR, GREENWICH CT 06830
Robert J O'shea	director, 10 percent owner	C/O SILVER POINT CAPITAL L.P., TWO GREENWICH PLAZA, FIRST FLOOR, GREENWICH CT 06830
Jordan Fasbender	officer: SEE BELOW	C/O IHEARTMEDIA, INC., 20880 STONE OAK PARKWAY, SAN ANTONIO TX 78258