Next Digital (Next Digital) ROCE % : -20.14% (As of Sep. 2020)

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What is Next Digital 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. Next Digital's annualized ROCE % for the quarter that ended in Sep. 2020 was -20.14%.

Next Digital ROCE % Historical Data

The historical data trend for Next Digital'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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Next Digital ROCE % Chart

Next Digital Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

ROCE %

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-11.90

-15.92

-21.08

-19.65

-30.16

Next Digital Semi-Annual Data
	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20
ROCE %	Get a 7-Day Free Trial															-30.66	-6.46	-47.28	-14.81	-20.14

Next Digital ROCE % Calculation

Next Digital's annualized ROCE % for the fiscal year that ended in Mar. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2020 )		(A: Mar. 2019 )		(A: Mar. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2020 )		(A: Mar. 2019 )		(A: Mar. 2020 )
	=	-51.366	/	( ( (269.123 - 98.997)	+	(254.593 - 84.064) )	/ 2 )
	=	-51.366	/	( (170.126	+	170.529)	/ 2 )
	=	-51.366	/	170.3275
	=	-30.16 %

Next Digital's ROCE % of for the quarter that ended in Sep. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2020 )		(Q: Mar. 2020 )		(Q: Sep. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2020 )		(Q: Mar. 2020 )		(Q: Sep. 2020 )
	=	-33.78	/	( ( (254.593 - 84.064)	+	(259.592 - 94.637) )	/ 2 )
	=	-33.78	/	( ( 170.529	+	164.955 )	/ 2 )
	=	-33.78	/	167.742
	=	-20.14 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2020) EBIT data.

Next Digital (GREY:NXMDF) 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.

Next Digital ROCE % Related Terms

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Next Digital (Next Digital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Next Digital Ltd (GREY:NXMDF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Chun Ying Street, 1st Floor, Tseung Kwan O Industrial Estate, New Territories, Tseung Kwan O, Hong Kong, HKG

Website

http://www.nextdigital.com.hk

Next Digital Ltd is engaged in the print media business. Business activity of the firm is operated by the Digital Businesses and Print Business segment. The Digital Business segment includes Internet advertising, Internet subscription, content provision, and the development of mobile games and apps. The Print Business segment which derives majority revenue relates to the sale of newspapers, books and magazines and provision of newspapers, books and magazines printing and advertising services. Geographically, it operates in Hong Kong, Taiwan, and Other countries out of which Hong Kong accounts for the majority revenue.

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