Nippon Television Holdings (TSE:9404) ROCE % : 11.02% (As of Dec. 2023)

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What is Nippon Television Holdings 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. Nippon Television Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.02%.

Nippon Television Holdings ROCE % Historical Data

The historical data trend for Nippon Television Holdings'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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Nippon Television Holdings ROCE % Chart

Nippon Television Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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6.90

5.52

5.19

7.36

5.25

Nippon Television Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															7.67	4.46	5.58	2.99	11.02

Nippon Television Holdings ROCE % Calculation

Nippon Television Holdings'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 )
	=	49446	/	( ( (1061571 - 107816)	+	(1035501 - 105514) )	/ 2 )
	=	49446	/	( (953755	+	929987)	/ 2 )
	=	49446	/	941871
	=	5.25 %

Nippon Television Holdings'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 )
	=	110552	/	( ( (1063745 - 94245)	+	(1137974 - 101298) )	/ 2 )
	=	110552	/	( ( 969500	+	1036676 )	/ 2 )
	=	110552	/	1003088
	=	11.02 %

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

Nippon Television Holdings (TSE:9404) 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.

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Nippon Television Holdings (TSE:9404) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Nippon Television Holdings Inc (TSE:9404) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NPTVF:USA

Address

1-6-1 Higashi-shinbashi, Minato-ku, Tokyo, JPN, 105-7444

Website

http://www.ntv.co.jp

Nippon Television Holdings Inc is a broadcasting and television company. The firm has three business segments, which include its content business, life and health-related business, and real estate business. The content business segment sells television advertising space across its channels, produces and licenses television content, and produces feature film content. The health business segment operates subscription-based fitness clubs, and the real estate business leases office space. Nippon Television Holdings generates the vast majority of its revenue in Japan.

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