Lajin Entertainment Network Group (HKSE:08172) ROCE % : -27.82% (As of Jun. 2024)

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What is Lajin Entertainment Network 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. Lajin Entertainment Network Group's annualized ROCE % for the quarter that ended in Jun. 2024 was -27.82%.

Lajin Entertainment Network Group ROCE % Historical Data

The historical data trend for Lajin Entertainment Network 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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Lajin Entertainment Network Group ROCE % Chart

Lajin Entertainment Network Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-15.66

-28.21

-41.17

-47.87

-31.44

Lajin Entertainment Network Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-15.85	-0.72	-30.37	-85.20	-27.82

Lajin Entertainment Network Group ROCE % Calculation

Lajin Entertainment Network 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 )
	=	-42.837	/	( ( (224.506 - 70.429)	+	(184.746 - 66.318) )	/ 2 )
	=	-42.837	/	( (154.077	+	118.428)	/ 2 )
	=	-42.837	/	136.2525
	=	-31.44 %

Lajin Entertainment Network 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 )
	=	-30.804	/	( ( (184.746 - 66.318)	+	(163.643 - 60.605) )	/ 2 )
	=	-30.804	/	( ( 118.428	+	103.038 )	/ 2 )
	=	-30.804	/	110.733
	=	-27.82 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

Lajin Entertainment Network Group (HKSE:08172) 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.

Lajin Entertainment Network Group ROCE % Related Terms

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Lajin Entertainment Network Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Lajin Entertainment Network Group Ltd (HKSE:08172) » Definitions » ROCE %

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Address

16 Harcourt Road, Admiralty, Unit 3903A, Far East Finance Centre, Hong Kong, HKG

Website

https://www.irasia.com

Lajin Entertainment Network Group Ltd is an investment holding company. The company's operating segment includes Artiste management; Movies, TV programmes, and internet content, and New media e-commerce. The majority of the company's revenue is generated from the movies, TV programmes, and internet content segment which comprises investment, production, and distribution of movies, TV programmes, and investment in internet content. Geographically, it derives a majority of its revenue from Mainland China.

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