Sphere Entertainment Co (STU:MQ2) ROCE % : -4.15% (As of Mar. 2024)

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What is Sphere Entertainment Co 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. Sphere Entertainment Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -4.15%.

Sphere Entertainment Co ROCE % Historical Data

The historical data trend for Sphere Entertainment Co'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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Sphere Entertainment Co ROCE % Chart

Sphere Entertainment Co Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-0.52

9.51

1.59

-3.92

6.15

Sphere Entertainment Co 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															-8.57	42.26	-6.29	-15.89	-4.15

Sphere Entertainment Co ROCE % Calculation

Sphere Entertainment Co's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	254.222	/	( ( (5223.963 - 909.201)	+	(4590.093 - 638.846) )	/ 2 )
	=	254.222	/	( (4314.762	+	3951.247)	/ 2 )
	=	254.222	/	4133.0045
	=	6.15 %

Sphere Entertainment Co'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 )
	=	-132.46	/	( ( (4477.971 - 1282.45)	+	(4479.307 - 1286.723) )	/ 2 )
	=	-132.46	/	( ( 3195.521	+	3192.584 )	/ 2 )
	=	-132.46	/	3194.0525
	=	-4.15 %

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

Sphere Entertainment Co (STU:MQ2) 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.

Sphere Entertainment Co ROCE % Related Terms

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Sphere Entertainment Co (STU:MQ2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sphere Entertainment Co (STU:MQ2) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SPHR:USA

Address

Two Penn Plaza, New York, NY, USA, 10121

Website

https://www.sphereentertainmentco.com

Sphere Entertainment Co is live entertainment and media company. The firm creates, writes, cast, produce, and tour shows and events. The company's portfolio includes Sphere, a next-generation entertainment medium to the world. The group has three reportable segments which include Entertainment, MSG Networks, and Tao Group Hospitality.

Sphere Entertainment Co (STU:MQ2) Headlines

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