China Literature (HKSE:00772) ROCE % : 4.99% (As of Dec. 2023)

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What is China Literature 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 Literature's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.99%.

China Literature ROCE % Historical Data

The historical data trend for China Literature'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 Literature ROCE % Chart

China Literature Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.43

-24.71

13.39

4.18

4.76

China Literature Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial													10.58	3.93	4.69	4.56	4.99

China Literature ROCE % Calculation

China Literature'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 )
	=	1007.431	/	( ( (25387.926 - 4448.719)	+	(25363.042 - 3941.032) )	/ 2 )
	=	1007.431	/	( (20939.207	+	21422.01)	/ 2 )
	=	1007.431	/	21180.6085
	=	4.76 %

China Literature'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 )
	=	1058.588	/	( ( (24472.339 - 3504.035)	+	(25363.042 - 3941.032) )	/ 2 )
	=	1058.588	/	( ( 20968.304	+	21422.01 )	/ 2 )
	=	1058.588	/	21195.157
	=	4.99 %

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

China Literature (HKSE:00772) 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 Literature ROCE % Related Terms

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China Literature (HKSE:00772) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » China Literature Ltd (HKSE:00772) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CHLLF:USA C2X:Germany

Address

No. 5169 Binjiang Avenue, N3 Lujiazui Binjiang Center, Pudong New Area, Shanghai, CHN, 200135

Website

https://ir.yuewen.com

China Literature Ltd is an investment holding company. The company along with its subsidiaries provides online reading services, copyright commercialization, writer cultivation and brokerage, and operation of text work reading. It generates its revenue from Online reading through self-owned platform products. it operates in two segments: Online business and Intellectual property operations and others. The Online business segment that derives the majority of revenue comprises online paid reading, online advertising, and game publishing. The Intellectual property operations and others segment includes licensing and distribution of film and television properties, copyrights licensing, sales of adaptation rights and scripts, sales of physical books, in-house online games operations.

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