Infinities Technology International (Cayman) Holding (HKSE:01961) ROCE % : -20.99% (As of Jun. 2024)

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What is Infinities Technology International (Cayman) Holding 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. Infinities Technology International (Cayman) Holding's annualized ROCE % for the quarter that ended in Jun. 2024 was -20.99%.

Infinities Technology International (Cayman) Holding ROCE % Historical Data

The historical data trend for Infinities Technology International (Cayman) Holding'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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Infinities Technology International (Cayman) Holding ROCE % Chart

Infinities Technology International (Cayman) Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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52.71

3.21

-47.85

-75.00

-53.21

Infinities Technology International (Cayman) Holding Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial									-55.82	-111.00	-18.09	-63.15	-20.99

Infinities Technology International (Cayman) Holding ROCE % Calculation

Infinities Technology International (Cayman) Holding'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 )
	=	-57.715	/	( ( (129.18 - 47.47)	+	(249.552 - 114.317) )	/ 2 )
	=	-57.715	/	( (81.71	+	135.235)	/ 2 )
	=	-57.715	/	108.4725
	=	-53.21 %

Infinities Technology International (Cayman) Holding's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-41.156	/	( ( (249.552 - 114.317)	+	(431.681 - 174.728) )	/ 2 )
	=	-41.156	/	( ( 135.235	+	256.953 )	/ 2 )
	=	-41.156	/	196.094
	=	-20.99 %

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

Infinities Technology International (Cayman) Holding (HKSE:01961) 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.

Infinities Technology International (Cayman) Holding ROCE % Related Terms

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Infinities Technology International (Cayman) Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Infinities Technology International (Cayman) Holding Ltd (HKSE:01961) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

12-1 Keyun Road, Room 606, West Building, Fangyuan E Time, Tianhe District, Guangzhou, CHN

Website

https://www.infinities.com.hk

Infinities Technology International (Cayman) Holding Ltd is engaged in the development and operation of mobile games, the distribution of digital media content and gaming products supply in China and overseas. It operates in Mainland China and Other countries.

Executives

Infinities Technology (cayman) Holding Limited	2201 Interest of corporation controlled by you
An Fenghua	2201 Interest of corporation controlled by you
Infinities B&m Technology Limited	2101 Beneficial owner
Infinities Global Technology Limited Partnership	2101 Beneficial owner
Infinities Worldwide Limited	2201 Interest of corporation controlled by you
Liu Xiaoke	2201 Interest of corporation controlled by you
Wang Le	2201 Interest of corporation controlled by you
More Gain Group Limited	2101 Beneficial owner
Tan Bing	2201 Interest of corporation controlled by you

Infinities Technology International (Cayman) Holding Headlines

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