Shandong Publishing & Media Co (SHSE:601019) ROCE % : 21.65% (As of Dec. 2023)

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What is Shandong Publishing & Media Co 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. Shandong Publishing & Media Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.65%.

Shandong Publishing & Media Co ROCE % Historical Data

The historical data trend for Shandong Publishing & Media Co'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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Shandong Publishing & Media Co ROCE % Chart

Shandong Publishing & Media Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.31

11.29

11.61

11.85

13.64

Shandong Publishing & Media Co 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															15.09	5.77	18.03	9.54	21.65

Shandong Publishing & Media Co ROCE % Calculation

Shandong Publishing & Media Co'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 )
	=	2106.153	/	( ( (20652.293 - 5970.104)	+	(22853.562 - 6644.678) )	/ 2 )
	=	2106.153	/	( (14682.189	+	16208.884)	/ 2 )
	=	2106.153	/	15445.5365
	=	13.64 %

Shandong Publishing & Media Co'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 )
	=	3382.82	/	( ( (22207.952 - 7164.268)	+	(22853.562 - 6644.678) )	/ 2 )
	=	3382.82	/	( ( 15043.684	+	16208.884 )	/ 2 )
	=	3382.82	/	15626.284
	=	21.65 %

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

Shandong Publishing & Media Co (SHSE:601019) 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.

Shandong Publishing & Media Co ROCE % Related Terms

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Shandong Publishing & Media Co (SHSE:601019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Shandong Publishing & Media Co Ltd (SHSE:601019) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 189 Yingxiongshan Road, Shandong Province, Jinan, CHN, 250002

Website

http://www.sdcbcm.com

Shandong Publishing & Media Co Ltd provides publishing services. The company owns and manages publishing houses, periodical presses, printing enterprises, printing materials company, and logistics company. Geographically, the activities are carried out through China.

Shandong Publishing & Media Co (SHSE:601019) Headlines

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