Icon Culture Global Co (HKSE:08500) ROCE % : -31.00% (As of Sep. 2023)

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What is Icon Culture Global Co 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. Icon Culture Global Co's annualized ROCE % for the quarter that ended in Sep. 2023 was -31.00%.

Icon Culture Global Co ROCE % Historical Data

The historical data trend for Icon Culture Global Co'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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Icon Culture Global Co ROCE % Chart

Icon Culture Global Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-127.23

159.01

7.28

-45.01

-250.96

Icon Culture Global Co 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															-54.69	-23.04	-41.77	-31.00	-

Icon Culture Global Co ROCE % Calculation

Icon Culture Global Co'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 )
	=	-84.112	/	( ( (155.184 - 72.507)	+	(28.745 - 44.389) )	/ 2 )
	=	-84.112	/	( (82.677	+	-15.644)	/ 2 )
	=	-84.112	/	33.5165
	=	-250.96 %

Icon Culture Global Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-21.464	/	( ( (127.818 - 58.583)	+	(0 - 0) )	/ 1 )
	=	-21.464	/	( ( 69.235	+	0 )	/ 1 )
	=	-21.464	/	69.235
	=	-31.00 %

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

Icon Culture Global Co (HKSE:08500) 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.

Icon Culture Global Co ROCE % Related Terms

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Icon Culture Global Co (HKSE:08500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Icon Culture Global Co Ltd (HKSE:08500) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 62 Jinsui Road, 29th Floor, Kingold Century, Zhujiang New Town, Tianhe District, Guangzhou Province, CHN

Website

https://www.iconspace.com

Icon Culture Global Co Ltd is a multimedia advertising and marketing solution service provider in China. The company provides advertising and marketing solutions covering traditional offline media including both OOH and indoor advertising platforms; online media; public relations, marketing campaigns, and other services to its customers that consist of brand owners, state-owned entities in China, advertising agencies, and government authorities. Its integrated multimedia advertising and marketing solution services are focused on the formulation of advertising strategies for its customers and identifying and sourcing the appropriate advertising resources and formats to maximize the effectiveness of its customers' advertisements.

Executives

Chow Eric Tse To	2201 Interest of corporation controlled by you
Shining Icon (bvi) Limited	2101 Beneficial owner
Cai Xiaoshan	2201 Interest of corporation controlled by you
Focus Wonder Limited	2101 Beneficial owner
Lau Tung Hei Derek	2201 Interest of corporation controlled by you
Master Connection Limited	2101 Beneficial owner
China Hui Shang Enterpriser Association International Group Limited	2101 Beneficial owner
Capital Realm Financial Holdings Limited	2101 Beneficial owner
Sense One Limited	2101 Beneficial owner

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