Beasley Broadcast Group (FRA:BZS) ROCE % : 3.96% (As of Mar. 2024)

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What is Beasley Broadcast Group 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. Beasley Broadcast Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.96%.

Beasley Broadcast Group ROCE % Historical Data

The historical data trend for Beasley Broadcast Group'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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Beasley Broadcast Group ROCE % Chart

Beasley Broadcast Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.64

-0.95

2.89

-4.95

-12.07

Beasley Broadcast Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															0.58	-2.77	-57.48	11.25	3.96

Beasley Broadcast Group ROCE % Calculation

Beasley Broadcast Group'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 )
	=	-66.621	/	( ( (674.906 - 53.52)	+	(526.604 - 44.287) )	/ 2 )
	=	-66.621	/	( (621.386	+	482.317)	/ 2 )
	=	-66.621	/	551.8515
	=	-12.07 %

Beasley Broadcast Group'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	19.112	/	( ( (526.604 - 44.287)	+	(520.978 - 38.608) )	/ 2 )
	=	19.112	/	( ( 482.317	+	482.37 )	/ 2 )
	=	19.112	/	482.3435
	=	3.96 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Beasley Broadcast Group (FRA:BZS) 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.

Beasley Broadcast Group ROCE % Related Terms

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Beasley Broadcast Group (FRA:BZS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Beasley Broadcast Group Inc (FRA:BZS) » Definitions » ROCE %

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BBGI:USA

Address

3033 Riviera Drive, Suite 200, Naples, FL, USA, 34103

Website

https://www.bbgi.com

Beasley Broadcast Group Inc is a multi-platform media company, whose primary business is operating radio stations throughout the United States. The Company offers local and national advertisers integrated marketing solutions across audio, digital and event platforms. The Company owns and operates stations in the following markets: Atlanta, GA, Augusta, GA, Boston, MA, Charlotte, NC, Detroit, MI, Fayetteville, NC, Fort Myers-Naples, FL, Las Vegas, NV, Middlesex, NJ, Monmouth, NJ, Morristown, NJ, Philadelphia, PA, Tampa-Saint Petersburg, FL, and Wilmington, DE. The Company currently operates three operating segments Audio, Digital and esports.

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