iHeartMedia (iHeartMedia) ROCE % : 3.73% (As of Mar. 2024)

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What is iHeartMedia 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. iHeartMedia's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.73%.

iHeartMedia ROCE % Historical Data

The historical data trend for iHeartMedia'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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iHeartMedia ROCE % Chart

iHeartMedia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.01

2.57

4.74

2.51

iHeartMedia 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															-2.73	-51.68	5.25	66.75	3.73

iHeartMedia ROCE % Calculation

iHeartMedia'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 )
	=	170.976	/	( ( (8335.887 - 831.818)	+	(6952.611 - 848.436) )	/ 2 )
	=	170.976	/	( (7504.069	+	6104.175)	/ 2 )
	=	170.976	/	6804.122
	=	2.51 %

iHeartMedia'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 )
	=	226.98	/	( ( (6952.611 - 848.436)	+	(6758.312 - 702.058) )	/ 2 )
	=	226.98	/	( ( 6104.175	+	6056.254 )	/ 2 )
	=	226.98	/	6080.2145
	=	3.73 %

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

iHeartMedia (OTCPK:IHRTB) 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.

iHeartMedia ROCE % Related Terms

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iHeartMedia (iHeartMedia) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » iHeartMedia Inc (OTCPK:IHRTB) » Definitions » ROCE %

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IHRT:USA

Address

20880 Stone Oak Parkway, San Antonio, TX, USA, 78258

Website

https://www.iheartmedia.com

iHeartMedia Inc is a us-based diversified media and entertainment company. It operates through the segments of the Multiplatform Group, the Digital Audio Group, and the Audio & Media Services Group. The company derives prime revenue from the Multiplatform Group segment which includes the company's Broadcast radio, Networks and Sponsorships, and Events businesses. The Digital Audio Group segment includes all of the company's digital businesses, including podcasting; and the Audio & Media Services Group includes Katz Media Group, a full-service media representation business, and RCS Sound Software, a provider of scheduling and broadcast software and services.