Bright Outdoor Media (BOM:543831) ROCE % : 26.01% (As of Mar. 2024)

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What is Bright Outdoor 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. Bright Outdoor Media's annualized ROCE % for the quarter that ended in Mar. 2024 was 26.01%.

Bright Outdoor Media ROCE % Historical Data

The historical data trend for Bright Outdoor 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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Bright Outdoor Media ROCE % Chart

Bright Outdoor Media Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

12.34

8.91

11.84

16.18

17.92

Bright Outdoor Media Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial			-	17.09	19.29	11.42	26.01

Bright Outdoor Media ROCE % Calculation

Bright Outdoor Media's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	221.279	/	( ( (1546.423 - 542.199)	+	(1867.84 - 402.127) )	/ 2 )
	=	221.279	/	( (1004.224	+	1465.713)	/ 2 )
	=	221.279	/	1234.9685
	=	17.92 %

Bright Outdoor 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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	325.828	/	( ( (1273.588 - 233.491)	+	(1867.84 - 402.127) )	/ 2 )
	=	325.828	/	( ( 1040.097	+	1465.713 )	/ 2 )
	=	325.828	/	1252.905
	=	26.01 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Bright Outdoor Media (BOM:543831) 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.

Bright Outdoor Media ROCE % Related Terms

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Bright Outdoor Media (BOM:543831) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Bright Outdoor Media Ltd (BOM:543831) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fame Infinity Mall, Off New Link Road, 801, 8th Floor, Crescent Tower, Near Morya House, Andheri (West), Mumbai, MH, IND, 400 053

Website

https://www.brightoutdoor.com

Bright Outdoor Media Ltd is engaged in the business of providing advertising services offering advertising media services consisting of Out of Home media services. The company's array of service hoardings includes Transfer stickers, Railway boards, Railway panels, Promos, full train, Bus panels, Full Bus painting, Toll Naka, Mobile sign trucks, Kiosks, Traffic Booths, Cinema slides, Gantry and Vinyl.

Bright Outdoor Media (BOM:543831) Headlines

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