Jiangsu Broadcasting Cable Information Network (SHSE:600959) ROCE % : 2.50% (As of Dec. 2023)

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What is Jiangsu Broadcasting Cable Information Network 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. Jiangsu Broadcasting Cable Information Network's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.50%.

Jiangsu Broadcasting Cable Information Network ROCE % Historical Data

The historical data trend for Jiangsu Broadcasting Cable Information Network'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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Jiangsu Broadcasting Cable Information Network ROCE % Chart

Jiangsu Broadcasting Cable Information Network Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.74

1.13

2.01

2.06

2.31

Jiangsu Broadcasting Cable Information Network 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															2.01	2.30	2.24	2.19	2.50

Jiangsu Broadcasting Cable Information Network ROCE % Calculation

Jiangsu Broadcasting Cable Information Network'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 )
	=	555.359	/	( ( (36948.649 - 12637.552)	+	(37238.686 - 13364.634) )	/ 2 )
	=	555.359	/	( (24311.097	+	23874.052)	/ 2 )
	=	555.359	/	24092.5745
	=	2.31 %

Jiangsu Broadcasting Cable Information Network'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 )
	=	594.96	/	( ( (37197.793 - 13432.774)	+	(37238.686 - 13364.634) )	/ 2 )
	=	594.96	/	( ( 23765.019	+	23874.052 )	/ 2 )
	=	594.96	/	23819.5355
	=	2.50 %

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

Jiangsu Broadcasting Cable Information Network (SHSE:600959) 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.

Jiangsu Broadcasting Cable Information Network ROCE % Related Terms

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Jiangsu Broadcasting Cable Information Network (SHSE:600959) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Jiangsu Broadcasting Cable Information Network Corp Ltd (SHSE:600959) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Number 4, Beijing East Road, 25th Floor, Jiangsu Radio and Television City, Jiangsu Province, Nanjing, CHN, 210008

Website

http://www.jscnnet.com

Jiangsu Broadcasting Cable Information Network Corp Ltd is a China-based company engaged in the construction and operation of broadcasting and television networks, the development and operation of radio and television program transmission, data broadband services and digital TV value-added services.

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