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

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

Emmis Communications ROCE % Historical Data

The historical data trend for Emmis Communications'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 Communications ROCE % Chart

Emmis Communications 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 Communications 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 Communications ROCE % Calculation

Emmis Communications'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 Communications'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 Communications (OTCPK:EMMSP.PFD) 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 Communications ROCE % Related Terms

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Emmis Communications (Emmis Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Emmis Communications Corp (OTCPK:EMMSP.PFD) » 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

Paul V. Brenner	officer: President	40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Ryan A Hornaday	officer: EVP, CFO & Treasurer	40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
James M Dubin	director	ONE MADISON PLACE, HARRISON NY 10528
Herbert Simon	other: Member of 10% owner 13d group	115 W WASHINGTON ST, INDIANAPOLIS IN 46204
Hsjs, Llc	other: Member of 10% owner 13d group	C/O MELVIN SIMON & ASSOCIATES, 225 W WASHINGTON ST, INDIANAPOLIS IN 46204
2012 Retention Plan Trust	10 percent owner	40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
Michelle Duncan Bergman	director	25 WEST ROAD, SHORT HILLS NJ 07078
Joseph R Siegelbaum	director	40 MONUMENT CIRCLE, SUITE 700, INDIANAPOLIS IN 46204
David Gale	director	220 MONTGOMERY STREET, SUITE 426, SAN FRANCISCO CA 94104
Bradley Louis Radoff	10 percent owner	2727 KIRBY DRIVE, UNIT 29L, HOUSTON TX 77098
Group, Lllp Djd	other: member of 10% owner group	4221 WEST BOY SCOUT BOULEVARD, SUITE 1000, TAMPA FL 33607
Family Foundation Radoff	10 percent owner	2727 KIRBY DRIVE, UNIT 29L, HOUSTON TX 77098
Defosset Don	other: member of 10% owner group	4221 WEST BOY SCOUT BOULEVARD, SUITE 1000, TAMPA FL 33607
Smith Management Llc	10 percent owner	885 THIRD AVENUE, 34TH FLOOR, NEW YORK NY 10022
Alden Global Capital Ltd	10 percent owner	THIRD FLOOR, ONE WAVERLEY PLACE, UNION STREET, ST. HELIER Y9 JE2 3RF