Manila Bulletin Publishing (PHS:MB) ROCE % : 1.67% (As of Mar. 2024)

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What is Manila Bulletin Publishing 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. Manila Bulletin Publishing's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.67%.

Manila Bulletin Publishing ROCE % Historical Data

The historical data trend for Manila Bulletin Publishing'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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Manila Bulletin Publishing ROCE % Chart

Manila Bulletin Publishing Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.73

2.24

1.13

1.71

2.13

Manila Bulletin Publishing Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															2.04	2.62	2.63	4.39	1.67

Manila Bulletin Publishing ROCE % Calculation

Manila Bulletin Publishing'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 )
	=	158.169	/	( ( (8341.849 - 940.313)	+	(8252.036 - 823.25) )	/ 2 )
	=	158.169	/	( (7401.536	+	7428.786)	/ 2 )
	=	158.169	/	7415.161
	=	2.13 %

Manila Bulletin Publishing's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	123.988	/	( ( (8252.036 - 823.25)	+	(8219.025 - 783.327) )	/ 2 )
	=	123.988	/	( ( 7428.786	+	7435.698 )	/ 2 )
	=	123.988	/	7432.242
	=	1.67 %

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

Manila Bulletin Publishing (PHS:MB) 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.

Manila Bulletin Publishing ROCE % Related Terms

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Manila Bulletin Publishing (PHS:MB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Manila Bulletin Publishing Corp (PHS:MB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Manila Bulletin Building, Muralla corner Recoletos Streets, Intramuros, P.O. Box 769, Manila, PHL, 0900

Website

https://www.mb.com.ph

Manila Bulletin Publishing Corp is a Philippines-based company. The company is in the business of providing newspapers and various magazines. The company publishes its newspaper seven days a week. Its magazine section provides an agriculture magazine, which tells articles regarding trends in farming, fishing, crop propagation, and livestock raising, cruising magazine, which tells about local tourism, animal scene magazine, which gives information regarding breeding information, addresses veterinary concerns, and advice on care, and sense and style magazine, which gives information of the fashion and beauty, food and dining, and shopping ideas. The company earns maximum revenue from advertising and circulation.