Central European Media Enterprises (Central European Media Enterprises) ROCE % : 13.88% (As of Jun. 2020)

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What is Central European Media Enterprises 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. Central European Media Enterprises's annualized ROCE % for the quarter that ended in Jun. 2020 was 13.88%.

Central European Media Enterprises ROCE % Historical Data

The historical data trend for Central European Media Enterprises'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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Central European Media Enterprises ROCE % Chart

Central European Media Enterprises Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

ROCE %

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4.00

-4.44

11.33

12.15

13.77

Central European Media Enterprises Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
ROCE %	Get a 7-Day Free Trial															19.23	8.34	22.61	6.12	13.88

Central European Media Enterprises ROCE % Calculation

Central European Media Enterprises's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	181.742	/	( ( (1488.361 - 139.692)	+	(1447.862 - 156.001) )	/ 2 )
	=	181.742	/	( (1348.669	+	1291.861)	/ 2 )
	=	181.742	/	1320.265
	=	13.77 %

Central European Media Enterprises's ROCE % of for the quarter that ended in Jun. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2020 )		(Q: Mar. 2020 )		(Q: Jun. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2020 )		(Q: Mar. 2020 )		(Q: Jun. 2020 )
	=	174.728	/	( ( (1411.162 - 189.22)	+	(1462.542 - 167.145) )	/ 2 )
	=	174.728	/	( ( 1221.942	+	1295.397 )	/ 2 )
	=	174.728	/	1258.6695
	=	13.88 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2020) EBIT data.

Central European Media Enterprises (NAS:CETV) 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.

Central European Media Enterprises ROCE % Related Terms

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Central European Media Enterprises (Central European Media Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Central European Media Enterprises Ltd (NAS:CETV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Bermudiana Road, O'Hara House, Hamilton, BMU, HM 08

Website

http://www.cetv-net.com

Central European Media Enterprises Ltd is a media and entertainment company. The company manages its business based on geographical segments in Bulgaria, the Czech Republic, Romania, and the Slovak Republic. Geographically, it generates maximum revenue from the Czech Republic. The company generates advertising revenues from placing ads on the television channels.

Executives

Christoph Mainusch	officer: co-Chief Executive Officer	KRIZENECKEHO NAM. 1078/5A PRAGUE 5 2N 15200
Daniel Penn	officer: EVP, General Counsel	C/O CME MEDIA SERVICES LIMITED BRANCH KRIZENECKEHO NAM. 1078/5A PRAGUE 2N 15200
Nin Michael Del	officer: co-Chief Executive Officer	C/O CME MEDIA SERVICES LIMITED BRANCH, KRIZENECKEHO NAM. 1078/5A, PRAGUE 2N 15200
Alfred W Langer	director	C/O CME MEDIA SERVICES LIMITED BRANCH KRIZENECKEHO NAM. 1078/5A PRAGUE 2N 15200
John Billock	director	C/O CME MEDIA SERVICES LIMITED BRANCH KRIZENECKEHO NAM. 1078/5A PRAGUE 2N 15200
Kelli Turner	director	C/O CME MEDIA SERVICES LTD, KRIZENECKEHO NAM. 1078/5A, PRAGUE 2N 15200
David Sturgeon	officer: EVP, Chief Financial Officer	C/O CME MEDIA SERVICES LIMITED BRANCH KRIZENECKEHO NAM. 1078/5A PRAGUE 2N 15200
Parm Sandhu	director	C/O MEDIA SERVICES LIMITED BRANCH KRIZENECKEHO NAM. 1078/5A PRAGUE 2N 15200
Peter H Knag	director	208 S AKARD STREET DALLAS TX 75202
Turner Theodore Mckinley Iii	director	ONE TIME WARNER CENTER NEW YORK NY 10019
At&t Inc.	director, 10 percent owner	208 S. AKARD ST ATTN : JAMES LACY DALLAS TX 75202
Bruce Maggin	director	C/O CME MEDIA SERVICES LIMITED, KRIZENECKEHO NAM 1078/5A, PRAGUE 2N 15200
Time Warner Inc.	director, 10 percent owner	ONE TIME WARNER CENTER, NEW YORK NY 10019
Tw Media Holdings Llc	director, 10 percent owner	ONE TIME WARNER CENTER NEW YORK NY 10019
Time Warner Media Holdings B.v.	director, 10 percent owner	ONE TIME WARNER CENTER NEW YORK NY 10019