E Media Holdings (JSE:EMH) ROCE % : 8.32% (As of Sep. 2023)

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What is E Media Holdings 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. E Media Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 8.32%.

E Media Holdings ROCE % Historical Data

The historical data trend for E Media Holdings'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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E Media Holdings ROCE % Chart

E Media Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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3.30

-31.69

4.16

11.46

11.37

E Media Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															10.55	12.24	8.63	13.76	8.32

E Media Holdings ROCE % Calculation

E Media Holdings'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 )
	=	563.724	/	( ( (5613.912 - 753.508)	+	(5632.89 - 573.067) )	/ 2 )
	=	563.724	/	( (4860.404	+	5059.823)	/ 2 )
	=	563.724	/	4960.1135
	=	11.37 %

E Media Holdings's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	412.738	/	( ( (5632.89 - 573.067)	+	(5730.101 - 867.529) )	/ 2 )
	=	412.738	/	( ( 5059.823	+	4862.572 )	/ 2 )
	=	412.738	/	4961.1975
	=	8.32 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

E Media Holdings (JSE:EMH) 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.

E Media Holdings ROCE % Related Terms

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E Media Holdings (JSE:EMH) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » E Media Holdings Ltd (JSE:EMH) » Definitions » ROCE %

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EMN:South Africa

Address

4 Albury Road, Dunkeld West, Hyde Park, Randburg, Johannesburg, GT, ZAF, 2196

Website

https://www.emediaholdings.co.za

E Media Holdings Ltd is a South Africa-based investment holding company. Through its subsidiaries, it is primarily engaged in the media and entertainment business. The company product portfolio includes products and services like is involved in E.TV a free-to-air commercial television channel; eNCA, a 24-hour news channel; OpenView HD and YFM, a radio station that targets the youth market. In addition, the company also provides property and facilities services, including broadcast and television studios, post-production facilities, equipment rental, and sales; as well as holds investments in the television broadcasting and content creation sectors. The company's majority of its revenue is earned from the South African market.

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