Threes Company Media Group Co (SHSE:605168) ROCE % : 8.06% (As of Mar. 2024)

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What is Threes Company Media 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. Threes Company Media Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.06%.

Threes Company Media Group Co ROCE % Historical Data

The historical data trend for Threes Company Media 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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Threes Company Media Group Co ROCE % Chart

Threes Company Media Group Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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70.66

40.43

31.30

36.23

21.26

Threes Company Media Group 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															23.99	12.27	17.40	31.59	8.06

Threes Company Media Group Co ROCE % Calculation

Threes Company Media 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 )
	=	618.984	/	( ( (5307.487 - 2594.034)	+	(4904.028 - 1794.413) )	/ 2 )
	=	618.984	/	( (2713.453	+	3109.615)	/ 2 )
	=	618.984	/	2911.534
	=	21.26 %

Threes Company Media Group 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 )
	=	253.352	/	( ( (4904.028 - 1794.413)	+	(4623.352 - 1449.645) )	/ 2 )
	=	253.352	/	( ( 3109.615	+	3173.707 )	/ 2 )
	=	253.352	/	3141.661
	=	8.06 %

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

Threes Company Media Group Co (SHSE:605168) 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.

Threes Company Media Group Co ROCE % Related Terms

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Threes Company Media Group Co (SHSE:605168) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Threes Company Media Group Co Ltd (SHSE:605168) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Keji 2nd Road, Xi'an Software Park, No. 72, E401, Tangle Pavilion, High-tech Zone, Shaanxi Province, Xi'an, CHN

Website

http://www.topsrx.com

Threes Company Media Group Co Ltd is a one-stop campus integrated marketing and professional digital marketing service provider. The company is engaged in digital marketing services, scene activity services and campus media marketing services. Its services include campus integration marketing, public relations event planning, and case-based digital marketing. System, service content covers campus marketing and promotion, campus event planning, brand strategy, Internet communication strategy, media strategy, creative services, technical services, media procurement, social marketing and many other aspects.

Executives

Guo Xian Wei	Director
Wang Chuan	Directors, senior managers
Li Da	senior management
Chen Sheng	senior management
Zhang Hao	Directors, senior managers
Dai Xiu Ju	Supervisors
Wang Lei	Supervisors
Qian Jun Dong	Directors, senior managers

Threes Company Media Group Co (SHSE:605168) Headlines

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