Pioneer Media Holdings (NEXX:PNER) ROCE % : 12.58% (As of Feb. 2024)

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What is Pioneer 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. Pioneer Media Holdings's annualized ROCE % for the quarter that ended in Feb. 2024 was 12.58%.

Pioneer Media Holdings ROCE % Historical Data

The historical data trend for Pioneer 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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Pioneer Media Holdings ROCE % Chart

Pioneer Media Holdings Annual Data

Trend

May19

May20

May21

May22

May23

ROCE %

-85.42

1.17

26.84

-192.99

-124.94

Pioneer Media Holdings Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-139.05	-171.48	-49.87	215.30	12.58

Pioneer Media Holdings ROCE % Calculation

Pioneer Media Holdings's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-6.875	/	( ( (9.731 - 0.763)	+	(2.736 - 0.699) )	/ 2 )
	=	-6.875	/	( (8.968	+	2.037)	/ 2 )
	=	-6.875	/	5.5025
	=	-124.94 %

Pioneer Media Holdings's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	0.372	/	( ( (3.153 - 0.245)	+	(3.319 - 0.314) )	/ 2 )
	=	0.372	/	( ( 2.908	+	3.005 )	/ 2 )
	=	0.372	/	2.9565
	=	12.58 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

Pioneer Media Holdings (NEXX:PNER) 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.

Pioneer Media Holdings ROCE % Related Terms

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Pioneer Media Holdings (NEXX:PNER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pioneer Media Holdings Inc (NEXX:PNER) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6NU:Germany JPEG:Canada

Address

1055 Dunsmuir Street, Suite 3104, Four Bentall Center, P.O. Box 49091, Vancouver, BC, CAN, V7X 1G4

Website

https://www.pioneermedia.co

Pioneer Media Holdings Inc is an investment company whose primary objective is to invest its funds for purposes of generating returns from capital appreciation and investment income. It makes investments in gaming and eSport businesses. The company has a business presence in Canada, Singapore, the United Kingdom, and the United States of America.

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