Hengxin Shambala Culture Co (SZSE:300081) ROCE % : -10.48% (As of Mar. 2024)

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What is Hengxin Shambala Culture 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. Hengxin Shambala Culture Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -10.48%.

Hengxin Shambala Culture Co ROCE % Historical Data

The historical data trend for Hengxin Shambala Culture 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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Hengxin Shambala Culture Co ROCE % Chart

Hengxin Shambala Culture Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.39

-22.22

-23.52

-25.18

-19.47

Hengxin Shambala Culture 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															-6.36	-13.04	-8.96	-49.81	-10.48

Hengxin Shambala Culture Co ROCE % Calculation

Hengxin Shambala Culture 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 )
	=	-298.853	/	( ( (2123.019 - 436.35)	+	(1921.451 - 537.583) )	/ 2 )
	=	-298.853	/	( (1686.669	+	1383.868)	/ 2 )
	=	-298.853	/	1535.2685
	=	-19.47 %

Hengxin Shambala Culture 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 )
	=	-143.184	/	( ( (1921.451 - 537.583)	+	(1902.739 - 553.255) )	/ 2 )
	=	-143.184	/	( ( 1383.868	+	1349.484 )	/ 2 )
	=	-143.184	/	1366.676
	=	-10.48 %

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

Hengxin Shambala Culture Co (SZSE:300081) 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.

Hengxin Shambala Culture Co ROCE % Related Terms

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Hengxin Shambala Culture Co (SZSE:300081) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hengxin Shambala Culture Co Ltd (SZSE:300081) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.39, Tianshan Street, Development Zone, Hebei Province, Shijiazhuang, CHN, 050035

Website

http://www.hxgro.com

Hengxin Shambala Culture Co Ltd sells and services mobile information products for individual and industry customers in China. It offers mobile information products, such as customized terminal products; engages in the contract sales of mobile phone products; operates as an agent to carrier mobile video projects; and provides mobile e-commerce and technical support services.

Executives

Pan Chao	Directors, executives
Chen Wei	Executives
Wang Bing	Director
Fu Wei	Executives
Li Xiao Bo	Executives
Meng Xian Min	Directors, executives
Wen Jian Feng	Executives
Pei Jun	Directors, executives
Zhou Xiao Qi	Supervisors
Liu Xiao Jun	Supervisors
Xu Ze Min	Director
Dong Fang	Executives
You Wen Qin	Supervisors
Chen Liang	Executives
Qi Jian	Director

Hengxin Shambala Culture Co (SZSE:300081) Headlines

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