Asiaray Media Group (HKSE:01993) ROCE % : 6.31% (As of Jun. 2024)

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What is Asiaray Media 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. Asiaray Media Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 6.31%.

Asiaray Media Group ROCE % Historical Data

The historical data trend for Asiaray Media 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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Asiaray Media Group ROCE % Chart

Asiaray Media Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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2.41

3.20

4.36

7.88

13.80

Asiaray Media Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															6.59	10.98	3.95	6.31	20.28

Asiaray Media Group ROCE % Calculation

Asiaray Media 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 )
	=	133.391	/	( ( (3521.01 - 1706.72)	+	(3147.388 - 1575.702) )	/ 2 )
	=	133.391	/	( (1814.29	+	1571.686)	/ 2 )
	=	133.391	/	1692.988
	=	7.88 %

Asiaray Media Group'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 )
	=	97.582	/	( ( (3147.388 - 1575.702)	+	(2810.267 - 1287.393) )	/ 2 )
	=	97.582	/	( ( 1571.686	+	1522.874 )	/ 2 )
	=	97.582	/	1547.28
	=	6.31 %

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

Asiaray Media Group (HKSE:01993) 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.

Asiaray Media Group ROCE % Related Terms

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Asiaray Media Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Asiaray Media Group Ltd (HKSE:01993) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Kornhill Road, 16th Floor, Kornhill Plaza - Office Tower, Quarry Bay, Hong Kong, HKG

Website

https://www.asiaray.com

Asiaray Media Group Ltd is an investment holding company. It operates in three segments: the Airports business, which operates advertising services in airports; the Metro Lines and billboards business segment includes the operation of advertising services in metro lines; and billboards and building solutions; and Bus and other business, which provides advertising service in bus exterior & interior, and bus shelter, and also advertising services from other media spaces. Its geographical segments are Mainland China and Hong Kong, of which the vast majority of its revenue comes from Mainland China.

Executives

Media Cornerstone Limited
Ubs Trustees (b.v.i.) Limited
Space Management Limited
Lam Tak Hing
Hangzhou Yunbo Investment Consulting Co., Ltd.
Hu Simon Xiaoming
Jiang Fang
Jing Eric Xiandong
Ma Yun
Ant Small And Micro Financial Services Group Co., Ltd.	2201 Interest of corporation controlled by you
Antfin (hong Kong) Holding Limited	2101 Beneficial owner
Hang Zhou Yun Qiang Qi Ye Guan Li Zi Xun You Xian Gong Si	2201 Interest of corporation controlled by you
Great World Hk Media Pte. Ltd.	2101 Beneficial owner
L Capital Asia 2 Gp	2201 Interest of corporation controlled by you
L Capital Asia 2 Lp	2201 Interest of corporation controlled by you

Asiaray Media Group Headlines

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