Mei Ah Entertainment Group (HKSE:00391) ROCE % : -14.11% (As of Sep. 2024)

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What is Mei Ah Entertainment 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. Mei Ah Entertainment Group's annualized ROCE % for the quarter that ended in Sep. 2024 was -14.11%.

Mei Ah Entertainment Group ROCE % Historical Data

The historical data trend for Mei Ah Entertainment 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.

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Mei Ah Entertainment Group ROCE % Chart

Mei Ah Entertainment Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-14.52

-9.32

-5.52

-7.80

-3.40

Mei Ah Entertainment Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															-9.13	-6.44	-0.40	-6.45	-14.11

Mei Ah Entertainment Group ROCE % Calculation

Mei Ah Entertainment 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 )
	=	-18.213	/	( ( (688.1 - 132.676)	+	(661.142 - 144.031) )	/ 2 )
	=	-18.213	/	( (555.424	+	517.111)	/ 2 )
	=	-18.213	/	536.2675
	=	-3.40 %

Mei Ah Entertainment Group's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	-70.982	/	( ( (661.142 - 144.031)	+	(624.271 - 135.049) )	/ 2 )
	=	-70.982	/	( ( 517.111	+	489.222 )	/ 2 )
	=	-70.982	/	503.1665
	=	-14.11 %

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

Mei Ah Entertainment Group (HKSE:00391) 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.

Mei Ah Entertainment Group ROCE % Related Terms

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Mei Ah Entertainment Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Mei Ah Entertainment Group Ltd (HKSE:00391) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Chun Choi Street, 5th Floor, Mei Ah Centre, Kowloon, Tseung Kwan O Industrial Estate, Hong Kong, HKG

Website

https://www.meiah.com

Mei Ah Entertainment Group Ltd is an investment holding company. The company's operating segment includes Channel operations; Film exhibition and film rights licensing and sub-licensing; Cinema operations; Concert performance and events organisation; and Subcontracting service income. The company generates maximum revenue from the Channel operations segment. The company also generates other income from Rental income from investment properties; and Management fee income.

Executives

Li Kuo Hsing	2101 Beneficial owner
Li Guo Lin	2201 Interest of corporation controlled by you

Mei Ah Entertainment Group Headlines

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