Boston Omaha (FRA:42S) ROCE % : -1.28% (As of Dec. 2023)

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What is Boston Omaha 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. Boston Omaha's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.28%.

Boston Omaha ROCE % Historical Data

The historical data trend for Boston Omaha'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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Boston Omaha ROCE % Chart

Boston Omaha Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.32

-0.30

11.26

1.35

-1.17

Boston Omaha 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															1.59	-2.96	1.16	-1.62	-1.28

Boston Omaha ROCE % Calculation

Boston Omaha'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 )
	=	-7.335	/	( ( (649.286 - 50.012)	+	(704.446 - 47.121) )	/ 2 )
	=	-7.335	/	( (599.274	+	657.325)	/ 2 )
	=	-7.335	/	628.2995
	=	-1.17 %

Boston Omaha'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 )
	=	-8.48	/	( ( (715.941 - 43.317)	+	(704.446 - 47.121) )	/ 2 )
	=	-8.48	/	( ( 672.624	+	657.325 )	/ 2 )
	=	-8.48	/	664.9745
	=	-1.28 %

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

Boston Omaha (FRA:42S) 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.

Boston Omaha ROCE % Related Terms

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Boston Omaha (FRA:42S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Boston Omaha Corp (FRA:42S) » Definitions » ROCE %

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BOC:USA

Address

1601 Dodge Street, Suite 3300, Omaha, NE, USA, 68102

Website

https://www.bostonomaha.com

Boston Omaha Corp is a US-based company which invests in real estate. Its operations include its ownership of multiple billboards in Florida, Georgia, Wisconsin, and Alabama and equity method investments in several real estate companies. The company operates three separate lines of business, outdoor billboard advertising, surety insurance and related brokerage activities, and broadband services. It also engages in investments in real estate management and related activities. The company generates the majority of the revenue from billboard rentals.

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