Shaanxi Broadcast & TV Network Intermediary (Group) Co (SHSE:600831) ROCE % : -9.23% (As of Sep. 2024)

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What is Shaanxi Broadcast & TV Network Intermediary (Group) 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. Shaanxi Broadcast & TV Network Intermediary (Group) Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -9.23%.

Shaanxi Broadcast & TV Network Intermediary (Group) Co ROCE % Historical Data

The historical data trend for Shaanxi Broadcast & TV Network Intermediary (Group) 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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Shaanxi Broadcast & TV Network Intermediary (Group) Co ROCE % Chart

Shaanxi Broadcast & TV Network Intermediary (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.98

2.62

2.77

2.39

-5.99

Shaanxi Broadcast & TV Network Intermediary (Group) Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-1.65	-28.87	-2.31	-13.30	-9.23

Shaanxi Broadcast & TV Network Intermediary (Group) Co ROCE % Calculation

Shaanxi Broadcast & TV Network Intermediary (Group) 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 )
	=	-388.317	/	( ( (11462.303 - 4696.853)	+	(11647.29 - 5442.609) )	/ 2 )
	=	-388.317	/	( (6765.45	+	6204.681)	/ 2 )
	=	-388.317	/	6485.0655
	=	-5.99 %

Shaanxi Broadcast & TV Network Intermediary (Group) Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-563.008	/	( ( (11593.282 - 5575.559)	+	(11255.051 - 5069.614) )	/ 2 )
	=	-563.008	/	( ( 6017.723	+	6185.437 )	/ 2 )
	=	-563.008	/	6101.58
	=	-9.23 %

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

Shaanxi Broadcast & TV Network Intermediary (Group) Co (SHSE:600831) 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.

Shaanxi Broadcast & TV Network Intermediary (Group) Co ROCE % Related Terms

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Shaanxi Broadcast & TV Network Intermediary (Group) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Shaanxi Broadcast & TV Network Intermediary (Group) Co Ltd (SHSE:600831) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 15 Gaoxin 1st Road, New and High-Technology Development Zone, Xi'an, Shanxi, CHN, 710075

Website

http://www.600831.com

Shaanxi Broadcast & TV Network Intermediary (Group) Co Ltd is engaged in the provision of planning, construction, and operation and management of radio and television network in Shaanxi Province. The company provides digital and cable television services, high-definition interactive services, including basic channel broadcast services, channel broadcast subscription and information services, and video-on-demand services; and data services.

Executives

Han Pu	Directors, senior managers
Fan Dong	senior management
Li Wen Hua	senior management
Li Wen	senior management
Wang Li Qiang	Director
Hu Xiao Lai	senior management
Zhang Yan Bing	senior management
Feng Hui Ming	senior management
Ren Hui	senior management
Xu Qi Huan	senior management
Liu Jin	Director
Xue Chao Hui	senior management
Wang Zhang Yuan	senior management
Fu Chen Ling	senior management
Yan Zhao Xiang	Director

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