Color Star Technology Co (FRA:2J4A) ROCE % : -149.34% (As of Jun. 2023)

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What is Color Star Technology 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. Color Star Technology Co's annualized ROCE % for the quarter that ended in Jun. 2023 was -149.34%.

Color Star Technology Co ROCE % Historical Data

The historical data trend for Color Star Technology 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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Color Star Technology Co ROCE % Chart

Color Star Technology Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-134.43

-145.29

-22.91

-133.15

-101.77

Color Star Technology Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-19.54	-1.25	-217.30	-53.16	-149.34

Color Star Technology Co ROCE % Calculation

Color Star Technology Co's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-34.929	/	( ( (50.576 - 4.748)	+	(27.729 - 4.916) )	/ 2 )
	=	-34.929	/	( (45.828	+	22.813)	/ 2 )
	=	-34.929	/	34.3205
	=	-101.77 %

Color Star Technology Co'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 )
	=	-47.384	/	( ( (45.013 - 4.366)	+	(27.729 - 4.916) )	/ 2 )
	=	-47.384	/	( ( 40.647	+	22.813 )	/ 2 )
	=	-47.384	/	31.73
	=	-149.34 %

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

Color Star Technology Co (FRA:2J4A) 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.

Color Star Technology Co ROCE % Related Terms

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Color Star Technology Co (FRA:2J4A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Color Star Technology Co Ltd (FRA:2J4A) » Definitions » ROCE %

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ADD:USA

Address

80 Broad Street, 5th Floor, New York, NY, USA, 10005

Website

https://www.colorstarinternational.com

Color Star Technology Co Ltd is an entertainment technology and education company providing online and offline music education. The curriculum developed by the company includes music, sports, animation, painting and calligraphy, film and television, and life skills, covering various aspects of entertainment, sports, and culture.

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