Star Media Group Bhd (XKLS:6084) ROCE % : 3.46% (As of Dec. 2023)

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What is Star Media Group Bhd 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. Star Media Group Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.46%.

Star Media Group Bhd ROCE % Historical Data

The historical data trend for Star Media Group Bhd'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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Star Media Group Bhd ROCE % Chart

Star Media Group Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.84

-1.80

-20.11

1.46

1.37

Star Media Group Bhd 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															1.15	0.82	0.86	0.37	3.46

Star Media Group Bhd ROCE % Calculation

Star Media Group Bhd'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 )
	=	9.098	/	( ( (775.338 - 111.6)	+	(773.503 - 111.017) )	/ 2 )
	=	9.098	/	( (663.738	+	662.486)	/ 2 )
	=	9.098	/	663.112
	=	1.37 %

Star Media Group Bhd'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 )
	=	22.844	/	( ( (766.324 - 109.435)	+	(773.503 - 111.017) )	/ 2 )
	=	22.844	/	( ( 656.889	+	662.486 )	/ 2 )
	=	22.844	/	659.6875
	=	3.46 %

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

Star Media Group Bhd (XKLS:6084) 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.

Star Media Group Bhd ROCE % Related Terms

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Star Media Group Bhd (XKLS:6084) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Star Media Group Bhd (XKLS:6084) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

15 Jalan 16/11, Level 15, Menara Star, Petaling Jaya, SGR, MYS, 46350

Website

https://www.starmediagroup.my

Star Media Group Bhd publishes, prints, and distributes newspapers and advertisements in print and electronic media. The company operates in three reportable segments: Print and Digital, which is engaged in the publication and distribution of newspapers, magazines, and electronic media; Broadcasting, which operates wireless broadcasting stations; and Event and Exhibition, which provides event Organizing management. The majority of revenue is generated by the Print and Digital segment. The group mainly operates in Malaysia and Singapore and generates a majority of its revenue from Malaysia.

Star Media Group Bhd (XKLS:6084) Headlines

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