Sun TV Network (BOM:532733) ROCE % : 24.24% (As of Dec. 2023)

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What is Sun TV Network 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. Sun TV Network's annualized ROCE % for the quarter that ended in Dec. 2023 was 24.24%.

Sun TV Network ROCE % Historical Data

The historical data trend for Sun TV Network'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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Sun TV Network ROCE % Chart

Sun TV Network Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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41.92

31.74

30.24

29.03

26.06

Sun TV Network 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															25.61	21.84	35.60	24.52	24.24

Sun TV Network ROCE % Calculation

Sun TV Network'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 )
	=	22875.9	/	( ( (88981 - 6653.2)	+	(101480.8 - 8235.5) )	/ 2 )
	=	22875.9	/	( (82327.8	+	93245.3)	/ 2 )
	=	22875.9	/	87786.55
	=	26.06 %

Sun TV Network'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 )
	=	24548	/	( ( (108525.3 - 7244.1)	+	(0 - 0) )	/ 1 )
	=	24548	/	( ( 101281.2	+	0 )	/ 1 )
	=	24548	/	101281.2
	=	24.24 %

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

Sun TV Network (BOM:532733) 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.

Sun TV Network ROCE % Related Terms

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Sun TV Network (BOM:532733) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sun TV Network Ltd (BOM:532733) » Definitions » ROCE %

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SUNTV:India

Address

73, MRC Nagar Main Road, Murasoli Maran Towers, MRC Nagar, Chennai, TN, IND, 600028

Website

https://www.suntv.in

Sun TV Network Ltd is a media and entertainment company. The group owns and operates a series of television networks across four languages in the news, music, action, life, movies, kids, and comedy genres. It also airs FM stations in several Indian languages. Its business activities are reported under a single segment being Broadcasting. The company generates revenues from advertising, broadcasting fees, International subscriptions, other subscriptions, movie distribution, and content trading. Geographically, the group is focused on the Indian market with few operations outside India.

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