What does return on invested capital mean?

Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

Clear Channel Outdoor Holdings, Inc. CCO Return on invested capital

Return on invested capital at other companies

Lamar AdvertisingLAMR

12.5%+2.4pp

Meta Platforms, Inc.META

27.8%-8.5pp

OUTFRONT MediaOUT

7.1%-1.5pp

Nextdoor Holdings, Inc.NXDR

-15.5%-4.1pp

DaktronicsDAKT

27.9%+9.4pp

Alphabet Inc.GOOGL

——

Other financials

Income statement

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Revenue$373.9M+11.9%

Operating income$39.5M-12.2%

Net income-$48.6M-178%

EPS (diluted)-$0.10-177%

Balance sheet

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Cash & equivalents$182.4M-53.9%

Total debt$6.4B-3.2%

Total equity-$3.7B-8.6%

Total assets$3.7B-6.7%

Cash flow

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Operating cash flow$3.2M-78.4%

CapEx$16.0M-37.3%

Free cash flow-$12.8M-20.5%

Valuation

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Market cap$1.22B+120%

Enterprise value$7.48B+9.8%

P/S0.7×+0.4×

Profitability

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Operating margin18.6%0.0pp

Net margin-5.5%-10.6pp

FCF margin1.8%—

Returns & leverage

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Current ratio1.3×-0.2×

Where this comes from

Calculated from Clear Channel Outdoor Holdings, Inc.’s reported figures.

nopat/invested capital=6.8%

Based on trailing twelve months.

The official record: Clear Channel Outdoor Holdings, Inc.’s 10-Q, filed November 8, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Clear Channel Outdoor Holdings, Inc.'s return on invested capital?: Clear Channel Outdoor Holdings, Inc. (CCO) reported return on invested capital of 6.8% in Q3 2023.
What does return on invested capital mean?: Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.