MFE-MediaForEurope (XMAD:MFEA) ROCE % : 22.70% (As of Dec. 2023)

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What is MFE-MediaForEurope 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. MFE-MediaForEurope's annualized ROCE % for the quarter that ended in Dec. 2023 was 22.70%.

MFE-MediaForEurope ROCE % Historical Data

The historical data trend for MFE-MediaForEurope'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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MFE-MediaForEurope ROCE % Chart

MFE-MediaForEurope Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.87

6.82

12.81

8.41

7.89

MFE-MediaForEurope 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															24.69	1.96	12.45	-4.09	22.70

MFE-MediaForEurope ROCE % Calculation

MFE-MediaForEurope'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 )
	=	316	/	( ( (5360.7 - 1190.3)	+	(5008.9 - 1170.3) )	/ 2 )
	=	316	/	( (4170.4	+	3838.6)	/ 2 )
	=	316	/	4004.5
	=	7.89 %

MFE-MediaForEurope'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 )
	=	871.2	/	( ( (0 - 0)	+	(5008.9 - 1170.3) )	/ 1 )
	=	871.2	/	( ( 0	+	3838.6 )	/ 1 )
	=	871.2	/	3838.6
	=	22.70 %

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

MFE-MediaForEurope (XMAD:MFEA) 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.

MFE-MediaForEurope ROCE % Related Terms

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MFE-MediaForEurope (XMAD:MFEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » MFE-MediaForEurope (XMAD:MFEA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MFEA:Italy MFEB:Italy 0NE1:UK T0J1:Germany MFE2:Austria

Address

Viale Europa 46, Cologno Monzese, Milan, ITA, 20093

Website

https://www.mediaset.it

MFE-MediaForEurope, formerly Mediaset SpA is a broadcasting television mass media company that focuses on broadcast and production. The company generates the vast majority of its revenue in Italy but also broadcasts to several neighboring European countries. Mediaset operates a suite of free and pay-based television channels. These channels have a range of programs, including dramas, sports, children's content, and documentaries. In addition to its traditional television interests, Mediaset controls Medusa Film, a film production company, as well as numerous websites.

MFE-MediaForEurope (XMAD:MFEA) Headlines

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