Huawen Media Group (SZSE:000793) ROCE % : -2.51% (As of Mar. 2024)

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What is Huawen Media Group 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. Huawen Media Group's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.51%.

Huawen Media Group ROCE % Historical Data

The historical data trend for Huawen Media Group'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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Huawen Media Group ROCE % Chart

Huawen Media Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.37

-20.91

5.29

-16.47

-37.29

Huawen Media Group 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															0.28	-1.94	-3.50	-148.08	-2.51

Huawen Media Group ROCE % Calculation

Huawen Media Group'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 )
	=	-1136.283	/	( ( (5442.74 - 1529.435)	+	(3296.862 - 1116.529) )	/ 2 )
	=	-1136.283	/	( (3913.305	+	2180.333)	/ 2 )
	=	-1136.283	/	3046.819
	=	-37.29 %

Huawen Media Group'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 )
	=	-54.344	/	( ( (3296.862 - 1116.529)	+	(3267.831 - 1121.18) )	/ 2 )
	=	-54.344	/	( ( 2180.333	+	2146.651 )	/ 2 )
	=	-54.344	/	2163.492
	=	-2.51 %

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

Huawen Media Group (SZSE:000793) 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.

Huawen Media Group ROCE % Related Terms

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Huawen Media Group (SZSE:000793) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Huawen Media Group (SZSE:000793) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Haidian, 4th East Road, Minsheng Building, Hainan Province, Haikou, CHN, 570208

Website

http://www.000793.com

Huawen Media Group operates in the media industry. Its business activities include financial media platforms, regional information media and related extension services, advertising consisting of radio advertising and building media.

Executives

Zhu Jin Ling	Director
Guo Quan Zhong	Independent director
Zhao Yong Tao	Supervisors
Yang Li	Director
Yin Bo Cheng	Director

Huawen Media Group (SZSE:000793) Headlines

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