Dasheng Times Cultural Investment Co (SHSE:600892) ROCE % : -14.50% (As of Mar. 2024)

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What is Dasheng Times Cultural Investment 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. Dasheng Times Cultural Investment Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -14.50%.

Dasheng Times Cultural Investment Co ROCE % Historical Data

The historical data trend for Dasheng Times Cultural Investment 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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Dasheng Times Cultural Investment Co ROCE % Chart

Dasheng Times Cultural Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-76.91

10.28

-33.91

14.74

-11.34

Dasheng Times Cultural Investment Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-0.30	1.48	15.63	-65.04	-14.50

Dasheng Times Cultural Investment Co ROCE % Calculation

Dasheng Times Cultural Investment 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 )
	=	-22.338	/	( ( (382.751 - 165.593)	+	(309.093 - 132.226) )	/ 2 )
	=	-22.338	/	( (217.158	+	176.867)	/ 2 )
	=	-22.338	/	197.0125
	=	-11.34 %

Dasheng Times Cultural Investment Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-25.088	/	( ( (309.093 - 132.226)	+	(302.79 - 133.609) )	/ 2 )
	=	-25.088	/	( ( 176.867	+	169.181 )	/ 2 )
	=	-25.088	/	173.024
	=	-14.50 %

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

Dasheng Times Cultural Investment Co (SHSE:600892) 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.

Dasheng Times Cultural Investment Co ROCE % Related Terms

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Dasheng Times Cultural Investment Co (SHSE:600892) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Dasheng Times Cultural Investment Co Ltd (SHSE:600892) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 6 Liyuan Road, Sungang Street, Room 08, 21st Floor, Material Holdings Land, Luohu District, Guangdong, Shenzhen, CHN, 518023

Website

http://www.600892.com.cn

Dasheng Times Cultural Investment Co Ltd along with its subsidiaries is engaged in the business of investment, production development of pan-cultural projects such as video games. It is also engaged in production and distribution of television activities.

Dasheng Times Cultural Investment Co (SHSE:600892) Headlines

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