DQ Entertainment (International) (BOM:533176) ROCE % : -23.11% (As of Mar. 2023)

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What is DQ Entertainment (International) 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. DQ Entertainment (International)'s annualized ROCE % for the quarter that ended in Mar. 2023 was -23.11%.

DQ Entertainment (International) ROCE % Historical Data

The historical data trend for DQ Entertainment (International)'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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DQ Entertainment (International) ROCE % Chart

DQ Entertainment (International) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-3.55

-6.81

-29.28

-10.70

-23.11

DQ Entertainment (International) Semi-Annual Data
	Mar08	Mar09	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
ROCE %	Get a 7-Day Free Trial											-3.55	-6.81	-29.28	-10.70	-23.11

DQ Entertainment (International) ROCE % Calculation

DQ Entertainment (International)'s annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-102.664	/	( ( (4471.824 - 3976.327)	+	(4365.849 - 3973.016) )	/ 2 )
	=	-102.664	/	( (495.497	+	392.833)	/ 2 )
	=	-102.664	/	444.165
	=	-23.11 %

DQ Entertainment (International)'s ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	-102.664	/	( ( (4471.824 - 3976.327)	+	(4365.849 - 3973.016) )	/ 2 )
	=	-102.664	/	( ( 495.497	+	392.833 )	/ 2 )
	=	-102.664	/	444.165
	=	-23.11 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

DQ Entertainment (International) (BOM:533176) 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.

DQ Entertainment (International) ROCE % Related Terms

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DQ Entertainment (International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » DQ Entertainment (International) Ltd (BOM:533176) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road Number 3, Banjara Hills, 644, Aurora Colony, Hyderabad, TG, IND, 500034

Website

http://www.dqentertainment.com

DQ Entertainment (International) Ltd is an animation, gaming, live-action entertainment, production, and distribution company. It produces animation for films, television series, and console-based games. The company's business segments include Animation and Distribution. Animation segments include production services rendered to production houses and training rendered for acquiring skills for production services in relation to the production of animated television series and movies. The Distribution includes the revenue generated from the exploitation of the distribution rights of animated television series and movies acquired by the Company. The company earns most of its revenue from the Animation segment.

DQ Entertainment (International) Headlines

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