Joy Spreader Group (HKSE:06988) ROCE % : -51.21% (As of Jun. 2024)

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What is Joy Spreader 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. Joy Spreader Group's annualized ROCE % for the quarter that ended in Jun. 2024 was -51.21%.

Joy Spreader Group ROCE % Historical Data

The historical data trend for Joy Spreader 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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Joy Spreader Group ROCE % Chart

Joy Spreader Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.69

10.20

10.80

-13.72

-38.23

Joy Spreader Group Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial							5.61	-29.79	-16.50	-61.98	-51.21

Joy Spreader Group ROCE % Calculation

Joy Spreader 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 )
	=	-790.799	/	( ( (2798.321 - 309.74)	+	(1868.777 - 220.236) )	/ 2 )
	=	-790.799	/	( (2488.581	+	1648.541)	/ 2 )
	=	-790.799	/	2068.561
	=	-38.23 %

Joy Spreader 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 )
	=	-732.37	/	( ( (1868.777 - 220.236)	+	(1434.266 - 222.372) )	/ 2 )
	=	-732.37	/	( ( 1648.541	+	1211.894 )	/ 2 )
	=	-732.37	/	1430.2175
	=	-51.21 %

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

Joy Spreader Group (HKSE:06988) 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.

Joy Spreader Group ROCE % Related Terms

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Joy Spreader Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Joy Spreader Group Inc (HKSE:06988) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

5YN:Germany

Address

Zone A, Building T18, Jiuxianqiao Diantong Creative Park, Chaoyang District, Beijing, CHN

Website

http://www.joyspreader.com

Joy Spreader Group Inc is a mobile new media performance-based marketing technology company in China. The company's segments include the Provision of performance-based we-media marketing services segment which mainly comprises the provision of these marketing services to help its marketing customers direct to consumer, acquire new users and sales orders, and realize product promotion on a diverse we-media network; and the Sales of E-commerce goods segment which comprises the sales of E-commerce goods on an online basis. The Others segment comprises the provision of the culture related services. It derives maximum revenue from Sale of E-commerce goods. The company operates in Mainland China and Hong Kong.

Executives

Zhu Zinan	2201 Interest of corporation controlled by you
Lv Xueqiang	2201 Interest of corporation controlled by you
Nan Jing Ping Heng Zi Ben Guan Li Zhong Xin Pu Tong He Huo	2201 Interest of corporation controlled by you
Zzn. Ltd.	2101 Beneficial owner
Zheng Weihe	2201 Interest of corporation controlled by you
Nt Balance Capital Ltd.	2101 Beneficial owner
Huang Li	2201 Interest of corporation controlled by you
Shen Zhen Tong Chuang Wei Ye Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Zhen Shi Tong Chuang Wei Ye Chuang Ye Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Nan Jing Ping Heng Zi Ben Guan Li Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Shen Zhen Nan Hai Cheng Zhang Tong Ying Gu Quan Tou Zi Ji Jin You Xian He Huo	2201 Interest of corporation controlled by you
Shen Zhen Tong Chuang Jin Xiu Zi Chan Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Nan Tong Shi Ren Min Zheng Fu Guo You Zi Chan Jian Du Wei Yuan Hui	2201 Interest of corporation controlled by you
Nan Tong Shi Chan Ye Tou Zi Mu Ji Jin You Xian Gong Si	2201 Interest of corporation controlled by you
Nan Tong Shi Cai Zheng Ju	2201 Interest of corporation controlled by you

Joy Spreader Group Headlines

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