CHIRF (China National Culture Group) ROCE % : -182.83% (As of Mar. 2024)

View and export this data going back to 2014. Start your Free Trial

What is China National Culture Group 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. China National Culture Group's annualized ROCE % for the quarter that ended in Mar. 2024 was -182.83%.

China National Culture Group ROCE % Historical Data

The historical data trend for China National Culture Group'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.

* Premium members only.

China National Culture Group ROCE % Chart

China National Culture Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

-58.67

-20.73

10.07

8.74

-86.91

China National Culture Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															26.94	-22.20	38.00	-5.37	-182.83

China National Culture Group ROCE % Calculation

China National Culture Group's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-4.351	/	( ( (9.939 - 2.067)	+	(4.095 - 1.954) )	/ 2 )
	=	-4.351	/	( (7.872	+	2.141)	/ 2 )
	=	-4.351	/	5.0065
	=	-86.91 %

China National Culture Group's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	-8.304	/	( ( (8.407 - 1.464)	+	(4.095 - 1.954) )	/ 2 )
	=	-8.304	/	( ( 6.943	+	2.141 )	/ 2 )
	=	-8.304	/	4.542
	=	-182.83 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

China National Culture Group (OTCPK:CHIRF) 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.

China National Culture Group ROCE % Related Terms

Thank you for viewing the detailed overview of China National Culture Group's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

China National Culture Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » China National Culture Group Ltd (OTCPK:CHIRF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

00745:Hong Kong

Address

95 Queensway, Unit A, 29th FLoor, United Centre, Admiralty, Hong Kong, HKG

Website

http://www.cncg-media.com

China National Culture Group Ltd is a Hong Kong-based investment holding company engaged in advertising media services, e-commerce, film production, and distribution business. The company mainly operates through three segments. The Advertising segment is engaged in the provision of value-added services through mobile devices. The Movie segment is engaged in the production and distribution of films and the provision of other film-related services. The E-commerce segment is engaged in the sales of products on the Internet. The Advertising segment contributes to the majority of the business. Geographically, the company operates in Hong Kong, and China, of which key revenue is generated from China.

China National Culture Group Headlines

No Headlines