Agora (WAR:AGO) ROCE % : 20.60% (As of Dec. 2023)

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What is Agora 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. Agora's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.60%.

Agora ROCE % Historical Data

The historical data trend for Agora'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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Agora ROCE % Chart

Agora Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.74

-8.16

-1.95

-4.67

10.29

Agora Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-13.17	11.61	8.31	3.96	20.60

Agora ROCE % Calculation

Agora'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 )
	=	147.474	/	( ( (1793.073 - 410.494)	+	(2045.408 - 561.501) )	/ 2 )
	=	147.474	/	( (1382.579	+	1483.907)	/ 2 )
	=	147.474	/	1433.243
	=	10.29 %

Agora's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	310.772	/	( ( (2084.972 - 550.978)	+	(2045.408 - 561.501) )	/ 2 )
	=	310.772	/	( ( 1533.994	+	1483.907 )	/ 2 )
	=	310.772	/	1508.9505
	=	20.60 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Agora (WAR:AGO) 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.

Agora ROCE % Related Terms

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Agora (WAR:AGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Agora SA (WAR:AGO) » Definitions » ROCE %

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Address

Czerska 8/10, Warsaw, POL, 00-732

Website

http://www.agora.pl

Agora SA is one of the leading media company in Poland. It is engaged in the business of publishing of daily newspapers, magazines and periodic print media. It also provides television advertising, radio broadcasting and online services. The company's publishing portfolio includes Gazeta Wyborcza, and Metro newspaper and several magazines. The internet offering includes Internet portals such as Gazeta.pl, Sport.pl and Blox.pl. In the area radio of broadcasting industry, the company operates more than 15 radio stations including such brands as TOK FM, Rock Radio and Golden Hits (Zlote Przeboje), Radio Pogoda, and Internet radio Tuba.fm and Tuba.pl. The firm also manages a digital terrestrial TV channel called METRO.