Asian Television Network International (Asian Television Network International) ROCE % : -212.16% (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Asian Television Network International 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. Asian Television Network International's annualized ROCE % for the quarter that ended in Dec. 2023 was -212.16%.

Asian Television Network International ROCE % Historical Data

The historical data trend for Asian Television Network International'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.

* Premium members only.

Asian Television Network International ROCE % Chart

Asian Television Network International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-55.33

0.30

-6.81

-20.61

-53.34

Asian Television Network International 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															-7.16	-18.77	-27.05	12.47	-212.16

Asian Television Network International ROCE % Calculation

Asian Television Network International'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 )
	=	-0.985	/	( ( (5.556 - 2.987)	+	(5.058 - 3.934) )	/ 2 )
	=	-0.985	/	( (2.569	+	1.124)	/ 2 )
	=	-0.985	/	1.8465
	=	-53.34 %

Asian Television Network International'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 )
	=	-3.716	/	( ( (4.595 - 2.216)	+	(5.058 - 3.934) )	/ 2 )
	=	-3.716	/	( ( 2.379	+	1.124 )	/ 2 )
	=	-3.716	/	1.7515
	=	-212.16 %

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

Asian Television Network International (OTCPK:AITVF) 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.

Asian Television Network International ROCE % Related Terms

Thank you for viewing the detailed overview of Asian Television Network International's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Asian Television Network International (Asian Television Network International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Asian Television Network International Ltd (OTCPK:AITVF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SAT:Canada

Address

330 Cochrane Drive, Markham, ON, CAN, L3R 8E4

Website

http://www.asiantelevision.com

Asian Television Network International Ltd is a Canadian-based company. Its activities consist of providing specialty, pay television broadcasting, and television broadcasting advertising for the South Asian community in Canada. The company operates Bollywood movies, sports, news, music, lifestyle, Chinese, Punjabi, and several regional language channels. It derives revenue from Subscriptions, Advertising, Programming, and other income.

Asian Television Network International (Asian Television Network International) Headlines

From GuruFocus

ATN's TRIBUTE TO 100 YEARS OF INDIAN CINEMA Now Available on Prime Video

By PRNewswire PRNewswire • 12-02-2019