Hangzhou Electronic Soul Network Technology Co (SHSE:603258) ROCE % : -2.24% (As of Sep. 2024)

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What is Hangzhou Electronic Soul Network Technology 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. Hangzhou Electronic Soul Network Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -2.24%.

Hangzhou Electronic Soul Network Technology Co ROCE % Historical Data

The historical data trend for Hangzhou Electronic Soul Network Technology 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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Hangzhou Electronic Soul Network Technology Co ROCE % Chart

Hangzhou Electronic Soul Network Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.97

21.60

16.78

9.13

3.50

Hangzhou Electronic Soul Network Technology 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															5.79	-7.05	6.52	5.24	-2.24

Hangzhou Electronic Soul Network Technology Co ROCE % Calculation

Hangzhou Electronic Soul Network Technology 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 )
	=	82.425	/	( ( (2893.05 - 471.562)	+	(2714.459 - 421.558) )	/ 2 )
	=	82.425	/	( (2421.488	+	2292.901)	/ 2 )
	=	82.425	/	2357.1945
	=	3.50 %

Hangzhou Electronic Soul Network Technology 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 )
	=	-50.656	/	( ( (2659.287 - 374.012)	+	(2688.761 - 451.876) )	/ 2 )
	=	-50.656	/	( ( 2285.275	+	2236.885 )	/ 2 )
	=	-50.656	/	2261.08
	=	-2.24 %

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

Hangzhou Electronic Soul Network Technology Co (SHSE:603258) 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.

Hangzhou Electronic Soul Network Technology Co ROCE % Related Terms

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Hangzhou Electronic Soul Network Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Hangzhou Electronic Soul Network Technology Co Ltd (SHSE:603258) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 435, Bin'an Road, Floor 13, Electronic Soul Building, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310053

Website

http://www.dianhun.cn

Hangzhou Electronic Soul Network Technology Co Ltd is an electronic gaming and multimedia company. It is the mainly engaged in the research and development and operation of online game products. The company's revenue is mainly derived from the end-game product Dream Three Kingdoms.

Executives

Hu Yu Biao	Director
Hu Jian Ping	Director
Chen Fang	Director
Hao Jie	Director
Lin Qing Yuan	Supervisors
Yu Xiao Liang	Director
Yu Guo Yan	senior management
Zhu Xiao Su	senior management

Hangzhou Electronic Soul Network Technology Co Headlines

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