Eastern Media International (TPE:2614) ROCE % : 2.17% (As of Mar. 2024)

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What is Eastern Media International 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. Eastern Media International's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.17%.

Eastern Media International ROCE % Historical Data

The historical data trend for Eastern Media International'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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Eastern Media International ROCE % Chart

Eastern Media International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.24

4.07

7.18

-10.36

-0.09

Eastern Media International 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															3.74	3.63	1.23	-8.10	2.17

Eastern Media International ROCE % Calculation

Eastern Media International'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 )
	=	-11.748	/	( ( (15496.883 - 3639.198)	+	(17567.832 - 3372.046) )	/ 2 )
	=	-11.748	/	( (11857.685	+	14195.786)	/ 2 )
	=	-11.748	/	13026.7355
	=	-0.09 %

Eastern Media International'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 )
	=	310.948	/	( ( (17567.832 - 3372.046)	+	(17555.296 - 3145.904) )	/ 2 )
	=	310.948	/	( ( 14195.786	+	14409.392 )	/ 2 )
	=	310.948	/	14302.589
	=	2.17 %

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

Eastern Media International (TPE:2614) 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.

Eastern Media International ROCE % Related Terms

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Eastern Media International (TPE:2614) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Eastern Media International Corp (TPE:2614) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fuxing South Road, 5th Floor, 8th Floor., No. 368, Section 1, Da'an District, Taipei, TWN, 106

Website

https://www.emic.com.tw

Eastern Media International Corp is mainly based on business diversification. In addition to land development, grain trading, and consumer product development and sales, the company has diversified into new businesses such as cross-strait trade platforms and multimedia shopping through its investment in subsidiaries. It engages in forwarding, loading, and unloading cargo onto/from ships, handling and operating wharf and transit shed facilities, selling pet food and supplies, providing pet beauty service, video advertising services, and the production of related shows.

Eastern Media International (TPE:2614) Headlines

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