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WiMi Hologram Cloud ROCE %

: 7.37% (As of Jun. 2020)
View and export this data going back to 2020. Start your Free Trial

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. WiMi Hologram Cloud's annualized ROCE % for the quarter that ended in Jun. 2020 was 7.37%.


WiMi Hologram Cloud ROCE % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

WiMi Hologram Cloud Annual Data
Dec17 Dec18 Dec19
ROCE % 24.56 22.93 22.98

WiMi Hologram Cloud Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20
ROCE % Premium Member Only 36.04 16.48 30.51 12.95 7.37

WiMi Hologram Cloud ROCE % Calculation

WiMi Hologram Cloud's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2019 )  (A: Dec. 2018 )(A: Dec. 2019 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2019 )  (A: Dec. 2018 )(A: Dec. 2019 )
=16.606641287765/( ( (88.24948792074 - 6.6560134811221) + (80.342615167458 - 17.412777849067) )/ 2 )
=16.606641287765/( (81.593474439618+62.929837318391)/ 2 )
=16.606641287765/72.261655879005
=22.98 %

WiMi Hologram Cloud's ROCE % of for the quarter that ended in Jun. 2020 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2020 )  (Q: Dec. 2019 )(Q: Jun. 2020 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2020 )  (Q: Dec. 2019 )(Q: Jun. 2020 )
=5.973508811568/( ( (80.342615167458 - 17.412777849067) + (99.233788974243 - 0) )/ 2 )
=5.973508811568/( ( 62.929837318391 + 99.233788974243 )/ 2 )
=5.973508811568/81.081813146317
=7.37 %

Note: The EBIT data used here is two times the semi-annual (Jun. 2020) EBIT data.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


WiMi Hologram Cloud  (NAS:WIMI) 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.


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