Bilibili (Bilibili) ROCE %

: -29.84% (As of Dec. 2023)

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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. Bilibili's annualized ROCE % for the quarter that ended in Dec. 2023 was -29.84%.

Bilibili ROCE % Historical Data

The historical data trend for Bilibili'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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Bilibili Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-13.15

-21.46

-23.41

-20.88

-22.62

Bilibili Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																-20.85	-8.87	-25.87	-25.78	-29.84

Bilibili ROCE % Calculation

Bilibili'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 )
	=	-639.769	/	( ( (6000.053 - 2451.827)	+	(4643.997 - 2535.46) )	/ 2 )
	=	-639.769	/	( (3548.226	+	2108.537)	/ 2 )
	=	-639.769	/	2828.3815
	=	-22.62 %

Bilibili'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 )
	=	-707.188	/	( ( (4644.519 - 2013.323)	+	(4643.997 - 2535.46) )	/ 2 )
	=	-707.188	/	( ( 2631.196	+	2108.537 )	/ 2 )
	=	-707.188	/	2369.8665
	=	-29.84 %

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

Bilibili (NAS:BILI) 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.

Bilibili ROCE % Related Terms

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Bilibili (Bilibili) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Bilibili Inc (NAS:BILI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BLBLF:USA BILI:Mexico 09626:Hong Kong 0T3W:UK 71BB:Germany 71BB:Germany 71BA:Germany 71BA:Germany B1IL34:Brazil

Address

No. 485 Zhengli Road, Building 3, Guozheng Center, Yangpu District, Shanghai, CHN, 200433

Website

https://www.bilibili.com

Bilibili is a Chinese online entertainment platform that is best known for its video-sharing site that resembles YouTube. The site was founded in 2009 and started as a long-form video platform for anime, comics, and gaming, or ACG, content that appealed to Gen Z users. Since then, it has expanded its content on the platform to include a broader range of interests that have attracted Chinese users outside of the Gen Z cohort. The firm generates revenue through five main areas: advertising, games, live streaming, value-added services, and e-commerce.