Beasley Broadcast Inc ROIC
What is the ROIC of Beasley Broadcast Inc?
The ROIC of Beasley Broadcast Group Inc is -11.29%
What is the definition of ROIC?
Return on invested capital (ROIC) is a financial ratio that measures how efficient a company is at allocating the capital under its control to profitable investments.
= NOPAT / Invested capital = EBIT * (1 - tax rate) / (2-year average liabilities + 2-year average shareholder equity)
Return on invested capital (ROIC) ratio gives investors a sense of how well a company is using money under its control to generate profitable returns.
ROIC can be used as a benchmark to calculate the valuation of companies across industries. A higher ROIC means the company is doing a better job of investing the money from shareholders and bondholders to run the business. A company is creating value if its ROIC exceeds 2%. If its ROIC is under 2%, the company is likely destroying value and has no excess capital to invest in future growth.
You can calculate ROIC with the following formula:
NOPAT = Net operating profit after tax
Invested Capital = Average total liabilities + Average shareholders' equity
The averages of liabilities and shareholders' equity are calculated as geometrical averages of the last two annual values from the company's balance sheet.
ROIC of companies in the Communication Services sector on NASDAQ compared to Beasley Broadcast Inc
What does Beasley Broadcast Inc do?
beasley media group, inc. is a subsidiary of beasley broadcast group, inc. (nasdaq: bbgi), which was founded in 1961 by george g. beasley. today, beasley broadcast group owns and operates 69 stations (50 fm and 19 am) in 16 large-and mid-size markets in the united states. approximately 20.1 million consumers listen to beasley radio stations weekly over-the-air, online and on smartphones and tablets and millions regularly engage with the company’s brands and personalities through digital platforms such as facebook, twitter, text, apps and email. for more information, visit www.bbgi.com.
Companies with roic similar to Beasley Broadcast Inc
- Unity Software has ROIC of -11.33%
- St Davids Capital Inc has ROIC of -11.33%
- Hall of Fame Village has ROIC of -11.33%
- Kadestone Capital has ROIC of -11.32%
- House of Control AS has ROIC of -11.31%
- House of Control AS has ROIC of -11.31%
- Beasley Broadcast Inc has ROIC of -11.29%
- Gold Resource Corp has ROIC of -11.21%
- Delivery Hero SE has ROIC of -11.17%
- Thunder Gold Corp has ROIC of -11.16%
- Nacco Industries has ROIC of -11.14%
- Kernex Microsystems (India) has ROIC of -11.14%
- Denali Therapeutics Inc has ROIC of -11.11%