ATA Creativity Global (ATA Creativity Global) ROCE % : -66.89% (As of Mar. 2024)

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What is ATA Creativity Global 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. ATA Creativity Global's annualized ROCE % for the quarter that ended in Mar. 2024 was -66.89%.

ATA Creativity Global ROCE % Historical Data

The historical data trend for ATA Creativity Global'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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ATA Creativity Global ROCE % Chart

ATA Creativity Global Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-29.71

-30.51

-24.95

-25.51

-25.87

ATA Creativity Global Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-50.49	-56.41	-23.38	28.01	-66.89

ATA Creativity Global ROCE % Calculation

ATA Creativity Global'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 )
	=	-5.812	/	( ( (68.056 - 41.962)	+	(62.875 - 44.033) )	/ 2 )
	=	-5.812	/	( (26.094	+	18.842)	/ 2 )
	=	-5.812	/	22.468
	=	-25.87 %

ATA Creativity Global's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-12.036	/	( ( (62.875 - 44.033)	+	(65.062 - 47.915) )	/ 2 )
	=	-12.036	/	( ( 18.842	+	17.147 )	/ 2 )
	=	-12.036	/	17.9945
	=	-66.89 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

ATA Creativity Global (NAS:AACG) 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.

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ATA Creativity Global (ATA Creativity Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » ATA Creativity Global (NAS:AACG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

3IZ:Germany

Address

No. 39 Dong San Huan Zhong Road, 1st Floor East Gate, Building No. 2, Jian Wai Soho, Chao Yang District, Beijing, CHN, 100022

Website

https://ir.atai.net.cn

ATA Creativity Global is an international educational services company focused on providing quality learning experiences that cultivate and enhance students' creativity. The operating segments are Overseas art study services, Other educational services and K-12 education assessment and other services. Majority of its revenue comes from Overseas art study services.