WiMi Hologram Cloud (WiMi Hologram Cloud) ROCE % : -2.92% (As of Jun. 2023)

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What is WiMi Hologram Cloud 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. WiMi Hologram Cloud's annualized ROCE % for the quarter that ended in Jun. 2023 was -2.92%.

WiMi Hologram Cloud ROCE % Historical Data

The historical data trend for WiMi Hologram Cloud'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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WiMi Hologram Cloud ROCE % Chart

WiMi Hologram Cloud Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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22.93

22.98

-19.04

-20.45

-28.03

WiMi Hologram Cloud Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial							4.85	-34.98	-4.69	-53.78	-2.92

WiMi Hologram Cloud ROCE % Calculation

WiMi Hologram Cloud's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-54.246	/	( ( (236.294 - 14.407)	+	(180.78 - 15.647) )	/ 2 )
	=	-54.246	/	( (221.887	+	165.133)	/ 2 )
	=	-54.246	/	193.51
	=	-28.03 %

WiMi Hologram Cloud's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-4.862	/	( ( (180.78 - 15.647)	+	(183.94 - 16.069) )	/ 2 )
	=	-4.862	/	( ( 165.133	+	167.871 )	/ 2 )
	=	-4.862	/	166.502
	=	-2.92 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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.

WiMi Hologram Cloud ROCE % Related Terms

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WiMi Hologram Cloud (WiMi Hologram Cloud) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » WiMi Hologram Cloud Inc (NAS:WIMI) » Definitions » ROCE %

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0BF1:Germany

Address

1st West Dawang Road, Room No.2002, Building A, Wentley Center, Chaoyang, Beijing, CHN, 100020

Website

http://ir.wimiar.com

WiMi Hologram Cloud Inc and its subsidiaries offer augmented reality (AR) based holographic services and products to cater to its customers. Its AR service and product offerings primarily consist of holographic AR advertising services and holographic AR entertainment products. It is also into the semiconductor business, in which the company provides central processing algorithm services and computer chip products to enterprise customers and the sales of comprehensive solutions for central processing algorithms and related services with software and hardware integration. The company reports in three segments: AR advertising, AR entertainment, and Semiconductor. Its geographical segments are Mainland China, Hong Kong, and International.