iQIYI (IQ) ROCE % : 14.75% (As of Dec. 2023)

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What is iQIYI 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. iQIYI's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.75%.

iQIYI ROCE % Historical Data

The historical data trend for iQIYI'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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iQIYI ROCE % Chart

iQIYI Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-37.21

-25.57

-21.83

3.42

15.58

iQIYI 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															11.89	17.81	10.54	13.37	14.75

iQIYI ROCE % Calculation

iQIYI'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 )
	=	442.973	/	( ( (6605.039 - 4034.886)	+	(6245.536 - 3128.979) )	/ 2 )
	=	442.973	/	( (2570.153	+	3116.557)	/ 2 )
	=	442.973	/	2843.355
	=	15.58 %

iQIYI'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 )
	=	447.164	/	( ( (6043.594 - 3096.281)	+	(6245.536 - 3128.979) )	/ 2 )
	=	447.164	/	( ( 2947.313	+	3116.557 )	/ 2 )
	=	447.164	/	3031.935
	=	14.75 %

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

iQIYI (NAS:IQ) 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.

iQIYI ROCE % Related Terms

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iQIYI (IQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » iQIYI Inc (NAS:IQ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

0XWG:UK IQ8:Germany I1QY34:Brazil

Address

No. 21, North Road of Workers' Stadium, 4th Floor, iQIYI Youth Center, Yoolee Plaza, Chaoyang District, Beijing, CHN, 100027

Website

https://ir.iqiyi.com

Iqiyi is a leading streaming video-on-demand company in China that generates revenue through a mostly subscription basis and has over 100 million paying subscribers and 500 million monthly average users on its platform. The platform also provides user-generated content in long-form videos free of charge to nonpaying users, monetized through video-brand ads and performance-based ads. The company self-produces much of the subscription content and also generates revenue through content distribution, gaming, and IP licensing. Iqiyi competes in a crowded industry with Tencent Video, Alibaba's Youku, ByteDance's MangoTV, and Tencent-backed Bilibili. The company is 45.5% and 5.1% owned by Baidu and Xiaomi, respectively. Baidu also held 89.3% of the voting power as of end-February 2023.