SinoMedia Holding (HKSE:00623) ROCE % : 7.84% (As of Dec. 2023)

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What is SinoMedia Holding 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. SinoMedia Holding's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.84%.

SinoMedia Holding ROCE % Historical Data

The historical data trend for SinoMedia Holding'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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SinoMedia Holding ROCE % Chart

SinoMedia Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.24

8.94

3.36

3.55

7.75

SinoMedia Holding Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-1.36	-2.91	10.27	7.80	7.84

SinoMedia Holding ROCE % Calculation

SinoMedia Holding'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 )
	=	141.47	/	( ( (2037.839 - 223.925)	+	(2052.336 - 216.532) )	/ 2 )
	=	141.47	/	( (1813.914	+	1835.804)	/ 2 )
	=	141.47	/	1824.859
	=	7.75 %

SinoMedia Holding'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	142.208	/	( ( (2137.871 - 345.175)	+	(2052.336 - 216.532) )	/ 2 )
	=	142.208	/	( ( 1792.696	+	1835.804 )	/ 2 )
	=	142.208	/	1814.25
	=	7.84 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

SinoMedia Holding (HKSE:00623) 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.

SinoMedia Holding ROCE % Related Terms

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SinoMedia Holding (HKSE:00623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » SinoMedia Holding Ltd (HKSE:00623) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SJY:Germany

Address

No. 9 Guanghua Road, 7th Floor, The Place, SinoMedia Tower, Chaoyang District, Beijing, CHN

Website

http://www.sinomedia.com.hk

SinoMedia Holding Ltd is a media operation group in China that focuses on conducting cross-media investment and operation with creative video communication. The company owns business sections including CCTV's advertising agency business, brand content creative communication, film and television program investment and production, and internet precision marketing. It derives revenue from TV advertising, creative content production, and digital marketing services.

Executives

Tricor Equity Trustee Limited
Liu Jinlan
Chen Xin
Clh Holding Limited
Equity Trustee Limited

SinoMedia Holding (HKSE:00623) Headlines

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