Emmis (EMMS) ROCE % : -34.95% (As of Feb. 2020)

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What is Emmis 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. Emmis's annualized ROCE % for the quarter that ended in Feb. 2020 was -34.95%.

Emmis ROCE % Historical Data

The historical data trend for Emmis'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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Emmis ROCE % Chart

Emmis Annual Data

Trend

Feb11

Feb12

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

ROCE %

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7.48

12.45

37.27

9.38

-15.86

Emmis Quarterly Data
	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20
ROCE %	Get a 7-Day Free Trial															-5.87	9.25	-9.76	-12.11	-34.95

Emmis ROCE % Calculation

Emmis's annualized ROCE % for the fiscal year that ended in Feb. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2020 )		(A: Feb. 2019 )		(A: Feb. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2020 )		(A: Feb. 2019 )		(A: Feb. 2020 )
	=	-30.296	/	( ( (237.746 - 57.366)	+	(221.992 - 20.414) )	/ 2 )
	=	-30.296	/	( (180.38	+	201.578)	/ 2 )
	=	-30.296	/	190.979
	=	-15.86 %

Emmis's ROCE % of for the quarter that ended in Feb. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2020 )		(Q: Nov. 2019 )		(Q: Feb. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2020 )		(Q: Nov. 2019 )		(Q: Feb. 2020 )
	=	-70.22	/	( ( (241.507 - 41.285)	+	(221.992 - 20.414) )	/ 2 )
	=	-70.22	/	( ( 200.222	+	201.578 )	/ 2 )
	=	-70.22	/	200.9
	=	-34.95 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2020) EBIT data.

Emmis (OTCPK:EMMS) 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.

Emmis ROCE % Related Terms

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Emmis (EMMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Emmis Corp (OTCPK:EMMS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 Monument Circle, Suite 700, One EMMIS Plaza, Indianapolis, IN, USA, 46204

Website

https://www.emmis.com

Emmis Corp, formerly Emmis Communications Corp is a diversified media company principally focused on radio broadcasting. The company owns and operates radio and magazine entities in large and medium-sized markets throughout the United States. Its operations have aligned into two business segments: Radio and Publishing. A vast majority of revenue is generated from the Radio segment. The company generates revenue in the form of Advertising; Circulation, which includes revenues from digital and home delivery subscriptions; Nontraditional, which includes ticket sales and sponsorship of events on their stations and magazine conduct; LMA(Local Marketing Agreement) Fees; and other revenues.

Executives

Patrick M Walsh	officer: President, COO	40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Ryan A Hornaday	officer: EVP, CFO & Treasurer	40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Gregory T Loewen	officer: President - Publishing	40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Jeffrey H Smulyan	director, 10 percent owner, officer: Chairman,CEO, other: member of 10% 13(d) group
J. Scott Enright	officer: EVP, Gen Counsel & Secretary	40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
James M Dubin	director	ONE MADISON PLACE, HARRISON NY 10528
Greg Nathanson	director
Lawrence B Sorrel	director
Peter A Lund	director	236 LOCHA DRIVE, JUPITER FL 33458
Susan B Bayh	director	WELLPOINT, INC., 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Richard A Leventhal	director
Paul V. Brenner	officer: President	40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Gary L Kaseff	director
Richard F Cummings	officer: Radio Division President
Herbert Simon	other: Member of 10% owner 13d group	115 W WASHINGTON ST, INDIANAPOLIS IN 46204