Cathay Media And Education Group (HKSE:01981) ROCE % : -5.64% (As of Dec. 2023)

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What is Cathay Media And Education 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. Cathay Media And Education Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.64%.

Cathay Media And Education Group ROCE % Historical Data

The historical data trend for Cathay Media And Education 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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Cathay Media And Education Group ROCE % Chart

Cathay Media And Education Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.19

12.30

5.08

3.41

-6.99

Cathay Media And Education Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							3.39	9.23	-2.39	-8.32	-5.64

Cathay Media And Education Group ROCE % Calculation

Cathay Media And Education Group'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 )
	=	-196.773	/	( ( (3601.374 - 628.374)	+	(3366.867 - 707.987) )	/ 2 )
	=	-196.773	/	( (2973	+	2658.88)	/ 2 )
	=	-196.773	/	2815.94
	=	-6.99 %

Cathay Media And Education Group'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 )
	=	-153.74	/	( ( (3029.689 - 238.855)	+	(3366.867 - 707.987) )	/ 2 )
	=	-153.74	/	( ( 2790.834	+	2658.88 )	/ 2 )
	=	-153.74	/	2724.857
	=	-5.64 %

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

Cathay Media And Education Group (HKSE:01981) 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.

Cathay Media And Education Group ROCE % Related Terms

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Cathay Media And Education Group (HKSE:01981) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Cathay Media And Education Group Inc (HKSE:01981) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 93 Jianguo Road, 22nd Floor, Block 12, Wanda Plaza, Chaoyang District, Beijing, CHN

Website

http://www.cathaymedia.com

Cathay Media And Education Group Inc is a media group, engaged in TV/film production business and higher education business focused on media and arts. The company produces films, TV shows, Web films, and TV series. Its segments include TV/Film production and investment, and Education and training. The majority of the revenue is derived from the higher education segment.

Executives

Pu Shulin	2307 Founder of a discretionary trust who can infl
Luo Jacqueline	2202 Interest of your spouse
Cathay Media Holding Inc.	2101 Beneficial owner
Media One International (ptc) Limited	2301 Trustee
Winning Global Ventures Limited	2201 Interest of corporation controlled by you
Areo Holdings Limited	2201 Interest of corporation controlled by you
Highland Pines Limited	2101 Beneficial owner
Lam Lai Ming	2201 Interest of corporation controlled by you
Li Gabriel	2201 Interest of corporation controlled by you

Cathay Media And Education Group (HKSE:01981) Headlines

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