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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. Meredith's annualized ROCE % for the quarter that ended in Sep. 2021 was 6.57%.
The historical data trend for Meredith'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.
Meredith Annual Data | |||||||||||||||||||||
Trend | Jun12 | Jun13 | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 14.70 | 2.24 | 5.97 | -1.98 | 12.07 |
Meredith Quarterly Data | ||||||||||||||||||||
Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | |
ROCE % | Get a 7-Day Free Trial | 6.95 | 20.24 | 13.29 | 6.58 | 6.57 |
Meredith's annualized ROCE % for the fiscal year that ended in Jun. 2021 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Jun. 2021 ) | (A: Jun. 2020 ) | (A: Jun. 2021 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Jun. 2021 ) | (A: Jun. 2020 ) | (A: Jun. 2021 ) | |||||
= | 572.2 | / | ( ( (5510.1 - 731.7) | + | (5565.8 - 859.5) ) | / 2 ) | |
= | 572.2 | / | ( (4778.4 | + | 4706.3) | / 2 ) | |
= | 572.2 | / | 4742.35 | ||||
= | 12.07 % |
Meredith's ROCE % of for the quarter that ended in Sep. 2021 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Sep. 2021 ) | (Q: Jun. 2021 ) | (Q: Sep. 2021 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Sep. 2021 ) | (Q: Jun. 2021 ) | (Q: Sep. 2021 ) | |||||
= | 310 | / | ( ( (5565.8 - 859.5) | + | (5503.3 - 777.5) ) | / 2 ) | |
= | 310 | / | ( ( 4706.3 | + | 4725.8 ) | / 2 ) | |
= | 310 | / | 4716.05 | ||||
= | 6.57 % |
(1) Note: The EBIT data used here is four times the quarterly (Sep. 2021) EBIT data.
* 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.
Meredith (NYSE:MDP) 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.
Thank you for viewing the detailed overview of Meredith's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
John S Zieser | officer: Chief Development Officer | 1716 LOCUST STREET, LS 101-A; ATTN TERESA T. RINKER, DES MOINES IA 50309-3023 |
Steven M Cappaert | officer: Corporate Controller | |
Thomas H Harty | director, officer: President and CEO | MEREDITH CORPORATION 1716 LOCUST ST., MAIL STOP LS101-A DES MOINES IA 50309 |
Patrick Mccreery | officer: President-Local Media Group | C/O MEREDITH CORP 1716 LOCUST STREET DES MOINES IA 50309 |
Jason M. Frierott | officer: Chief Financial Officer | C/O TRANSPORTATION SYSTEMS HOLDINGS INC. 901 MAIN AVENUE NORWALK CT 06851 |
Gregory Coleman | director | C/O MEREDITH CORP., 1716 LOCUST STREET, DES MOINES IA 50309 |
Donald C Berg | director | PO BOX 1080, LOUISVILLE KY 40201 |
Stephen M Lacy | director | 1716 LOCUST STREET, LS 101-A; ATTN TERESA T. RINKER, DES MOINES IA 50309-3023 |
Beth J Kaplan | director | 1716 LOCUST STREET, DES MOINES IA 50309 |
Joseph H Ceryanec | officer: Chief Financial Officer | PO BOX 3177 CEDAR RAPIDS IA 52406-3177 |
Meredith Edwin T Iv | 10 percent owner | |
Elizabeth E Tallett | director | 6705 ROCKLEDGE DR, SUITE 900, BETHESDA MD 20817 |
Iii Chris Roberts | director | 1716 LOCUST ST. LS-175, 7TH FLOOR, DES MOINES IA 50309 |
Paula Kerger | director | C/O MEREDITH CORP 1716 LOCUST STREET DES MOINES IA 50309 |
Donald A Baer | director | 1716 LOCUST STREET DES MOINES IA 50309 |
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