China 33 Media Group (HKSE:08087) ROCE % : -583.08% (As of Dec. 2023)

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What is China 33 Media Group 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. China 33 Media Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -583.08%.

China 33 Media Group ROCE % Historical Data

The historical data trend for China 33 Media Group'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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China 33 Media Group ROCE % Chart

China 33 Media Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-21.97

-41.84

-59.95

-48.41

-90.07

China 33 Media Group 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															-206.08	-5.09	-1.94	-11.11	-583.08

China 33 Media Group ROCE % Calculation

China 33 Media Group'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 )
	=	-59.261	/	( ( (407.466 - 313.634)	+	(299.046 - 261.284) )	/ 2 )
	=	-59.261	/	( (93.832	+	37.762)	/ 2 )
	=	-59.261	/	65.797
	=	-90.07 %

China 33 Media Group'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 )
	=	-220.184	/	( ( (0 - 0)	+	(299.046 - 261.284) )	/ 1 )
	=	-220.184	/	( ( 0	+	37.762 )	/ 1 )
	=	-220.184	/	37.762
	=	-583.08 %

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

China 33 Media Group (HKSE:08087) 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.

China 33 Media Group ROCE % Related Terms

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China 33 Media Group (HKSE:08087) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » China 33 Media Group Ltd (HKSE:08087) » Definitions » ROCE %

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Address

20 Jiuxianqiao Road, Unit 410-412, 4th Floor, Chaoyang District, One Indigo, Beijing, CHN

Website

http://www.china33media.com

China 33 Media Group Ltd is engaged in outdoor and digital advertising, film and entertainment investment, prepaid card business as well as printed media advertising. Its segments are printed media advertising; outdoor and digital advertising; film and entertainment investment; and prepaid cards. It derives the majority of the revenue from the outdoor and digital advertising segment that generates income from online advertising through mobile applications and websites, etc. as well as the sale of advertising spaces on the billboards and LEDs installed at certain railway stations, and revenue from promotion campaigns conducted in train stations.

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