Global Digital Creations Holdings (HKSE:08271) ROCE % : -32.57% (As of Dec. 2023)

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What is Global Digital Creations Holdings 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. Global Digital Creations Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -32.57%.

Global Digital Creations Holdings ROCE % Historical Data

The historical data trend for Global Digital Creations Holdings'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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Global Digital Creations Holdings ROCE % Chart

Global Digital Creations Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.40

3.07

5.96

1.14

-8.79

Global Digital Creations Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															2.81	1.41	-0.77	-4.37	-32.57

Global Digital Creations Holdings ROCE % Calculation

Global Digital Creations Holdings'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 )
	=	-29.89	/	( ( (632.363 - 281.566)	+	(545.081 - 215.41) )	/ 2 )
	=	-29.89	/	( (350.797	+	329.671)	/ 2 )
	=	-29.89	/	340.234
	=	-8.79 %

Global Digital Creations Holdings'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-107.368	/	( ( (0 - 0)	+	(545.081 - 215.41) )	/ 1 )
	=	-107.368	/	( ( 0	+	329.671 )	/ 1 )
	=	-107.368	/	329.671
	=	-32.57 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Global Digital Creations Holdings (HKSE:08271) 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.

Global Digital Creations Holdings ROCE % Related Terms

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Global Digital Creations Holdings (HKSE:08271) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Global Digital Creations Holdings Ltd (HKSE:08271) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

191 Java Road, Unit 1606, 16th Floor, K. Wah Centre, North Point, Hong Kong, HKG

Website

http://www.gdc-world.com

Global Digital Creations Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in computer graphic (CG) creation and production. It operates in two segments Interactive Entertainment and Digital Assets segment including Interactive Entertainment and Digital Assets, an exhibition of television series and movies as well as the production of animated films. It is New Cultural and Sports Space segment that includes integrating culture and technology development business the original business of property leasing and building management services and new businesses. It operates in China, South Korea, Hong Kong, and other countries, of which the majority of the revenue comes from China.

Executives

Shougang Group Co., Ltd.	2201 Interest of corporation controlled by you
Chen Zheng	2101 Beneficial owner
Shougang Holding (hong Kong) Limited	2201 Interest of corporation controlled by you
Upper Nice Assets Ltd.	2101 Beneficial owner

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