China Star Entertainment (HKSE:00326) ROCE % : -6.56% (As of Dec. 2023)

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What is China Star Entertainment 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 Star Entertainment's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.56%.

China Star Entertainment ROCE % Historical Data

The historical data trend for China Star Entertainment'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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China Star Entertainment ROCE % Chart

China Star Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.25

-2.54

-3.81

-2.45

-3.38

China Star Entertainment Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-2.30	-3.06	-0.25	-6.56	-2.98

China Star Entertainment ROCE % Calculation

China Star Entertainment'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 )
	=	-145.552	/	( ( (5247.857 - 743.399)	+	(5184.596 - 1080.061) )	/ 2 )
	=	-145.552	/	( (4504.458	+	4104.535)	/ 2 )
	=	-145.552	/	4304.4965
	=	-3.38 %

China Star Entertainment'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-280.004	/	( ( (5229.087 - 798.319)	+	(5184.596 - 1080.061) )	/ 2 )
	=	-280.004	/	( ( 4430.768	+	4104.535 )	/ 2 )
	=	-280.004	/	4267.6515
	=	-6.56 %

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

China Star Entertainment (HKSE:00326) 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 Star Entertainment ROCE % Related Terms

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China Star Entertainment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » China Star Entertainment Ltd (HKSE:00326) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Unit 3409 Shun Tak Centre, West Tower, Hong Kong, HKG

Website

https://www.chinastar.com.hk

China Star Entertainment Ltd is an investment holding company. It operates in two segments namely Film related business operations engaged in investment, production, distribution and licensing of films and television drama series and provision of other film related services including artist management services; Property development and investment operations engaged in investment and development of properties. Majority of the revenue is derived from Film related business operations segment.

Executives

Chen Ming Yin, Tiffany
Heung Wah Keung
Heung Wah Keung Family Endowment Limited
Heung Wah Keung Family Endowment Limited

China Star Entertainment Headlines

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