Shanghai LongYun Cultural Creation & Technology Group Co (SHSE:603729) ROCE % : 12.06% (As of Sep. 2024)

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What is Shanghai LongYun Cultural Creation & Technology 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. Shanghai LongYun Cultural Creation & Technology Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.06%.

Shanghai LongYun Cultural Creation & Technology Group Co ROCE % Historical Data

The historical data trend for Shanghai LongYun Cultural Creation & Technology 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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Shanghai LongYun Cultural Creation & Technology Group Co ROCE % Chart

Shanghai LongYun Cultural Creation & Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.34

-2.51

-8.39

-30.40

-11.22

Shanghai LongYun Cultural Creation & Technology 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															2.14	-56.11	-12.35	6.79	12.06

Shanghai LongYun Cultural Creation & Technology Group Co ROCE % Calculation

Shanghai LongYun Cultural Creation & Technology 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 )
	=	-55.877	/	( ( (702.316 - 142.963)	+	(637.251 - 200.344) )	/ 2 )
	=	-55.877	/	( (559.353	+	436.907)	/ 2 )
	=	-55.877	/	498.13
	=	-11.22 %

Shanghai LongYun Cultural Creation & Technology 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 )
	=	50.772	/	( ( (656.669 - 236.532)	+	(671.089 - 249.179) )	/ 2 )
	=	50.772	/	( ( 420.137	+	421.91 )	/ 2 )
	=	50.772	/	421.0235
	=	12.06 %

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

Shanghai LongYun Cultural Creation & Technology Group Co (SHSE:603729) 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.

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Shanghai LongYun Cultural Creation & Technology Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Shanghai LongYun Cultural Creation & Technology Group Co Ltd (SHSE:603729) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Min Sheng Road, Pudong New Area, Shanghai District, 15th Floor, No.118, Pudong District, Shanghai, CHN

Website

http://www.obm.com.cn

Shanghai LongYun Cultural Creation & Technology Group Co Ltd formerly Shanghai LongYun Advertising & Media Co Ltd is engaged in full advertising service and media resource management. Its a comprehensive advertising company specialized in all-media advertising operations such as TV, outdoor, graphics and Internet new media. Its services include market research, brand management, creative and design, TVC production and communication strategy. It has wholly-owned subsidiaries and joint ventures in Beijing, Guangzhou, Hangzhou, Shenzhen, Xiamen, Zhangzhou, Urumqi, Chengdu, and Hefei.

Executives

Duan Pei Zhang	Director
Huang Li	Director

Shanghai LongYun Cultural Creation & Technology Group Co Headlines

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