Chubu-Nippon Broadcasting Co (NGO:9402) ROCE % : 4.24% (As of Dec. 2023)

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What is Chubu-Nippon Broadcasting Co 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. Chubu-Nippon Broadcasting Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.24%.

Chubu-Nippon Broadcasting Co ROCE % Historical Data

The historical data trend for Chubu-Nippon Broadcasting Co'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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Chubu-Nippon Broadcasting Co ROCE % Chart

Chubu-Nippon Broadcasting Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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4.27

6.90

1.83

3.19

2.52

Chubu-Nippon Broadcasting Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															4.95	1.60	3.53	0.61	4.24

Chubu-Nippon Broadcasting Co ROCE % Calculation

Chubu-Nippon Broadcasting Co's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	1753	/	( ( (76297 - 7338)	+	(75426 - 5102) )	/ 2 )
	=	1753	/	( (68959	+	70324)	/ 2 )
	=	1753	/	69641.5
	=	2.52 %

Chubu-Nippon Broadcasting Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	3160	/	( ( (79134 - 5248)	+	(80098 - 5041) )	/ 2 )
	=	3160	/	( ( 73886	+	75057 )	/ 2 )
	=	3160	/	74471.5
	=	4.24 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Chubu-Nippon Broadcasting Co (NGO:9402) 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.

Chubu-Nippon Broadcasting Co ROCE % Related Terms

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Chubu-Nippon Broadcasting Co (NGO:9402) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Chubu-Nippon Broadcasting Co Ltd (NGO:9402) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-2-8 Shinsakae, Naka-ku, Aichi, Nagoya, JPN, 460-8405

Website

http://www.hicbc.com

Chubu-Nippon Broadcasting Co Ltd is engaged in broadcasting and real estate businesses.

Chubu-Nippon Broadcasting Co (NGO:9402) Headlines

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