PodcastOne (PodcastOne) ROCE % : -60.67% (As of Dec. 2023)

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What is PodcastOne 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. PodcastOne's annualized ROCE % for the quarter that ended in Dec. 2023 was -60.67%.

PodcastOne ROCE % Historical Data

The historical data trend for PodcastOne'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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PodcastOne ROCE % Chart

PodcastOne Annual Data

Trend

Mar21

Mar22

ROCE %

-26.81

PodcastOne Quarterly Data
	Jun20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial						29.80	-14.36	62.11	-333.25	-60.67

PodcastOne ROCE % Calculation

PodcastOne's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	-3.599	/	( ( (25.327 - 11.164)	+	(23.927 - 11.242) )	/ 2 )
	=	-3.599	/	( (14.163	+	12.685)	/ 2 )
	=	-3.599	/	13.424
	=	-26.81 %

PodcastOne'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 )
	=	-10.4	/	( ( (28.415 - 10.876)	+	(27.675 - 10.93) )	/ 2 )
	=	-10.4	/	( ( 17.539	+	16.745 )	/ 2 )
	=	-10.4	/	17.142
	=	-60.67 %

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

PodcastOne (NAS:PODC) 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.

PodcastOne ROCE % Related Terms

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PodcastOne (PodcastOne) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » PodcastOne Inc (NAS:PODC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

335 North Maple Drive, Suite 127, Beverly Hills, CA, USA, 90210

Website

https://www.podcastone.com

PodcastOne Inc Formerly CourtSide Group Inc is a podcast platform and publisher that makes its content available to audiences via all podcasting distribution platforms, including its website, its PodcastOne app, Apple Podcasts, Spotify, Amazon Music, and more.