Funshine Culture Group Co (SZSE:300860) ROCE % : 1.00% (As of Sep. 2024)

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What is Funshine Culture 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. Funshine Culture Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.00%.

Funshine Culture Group Co ROCE % Historical Data

The historical data trend for Funshine Culture 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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Funshine Culture Group Co ROCE % Chart

Funshine Culture Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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67.61

18.06

3.92

0.36

5.11

Funshine Culture 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															6.77	14.20	-3.05	6.52	1.00

Funshine Culture Group Co ROCE % Calculation

Funshine Culture 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 )
	=	169.723	/	( ( (3854.513 - 576.165)	+	(3712.062 - 342.117) )	/ 2 )
	=	169.723	/	( (3278.348	+	3369.945)	/ 2 )
	=	169.723	/	3324.1465
	=	5.11 %

Funshine Culture 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 )
	=	32.488	/	( ( (3719.045 - 461.788)	+	(3643.938 - 406.654) )	/ 2 )
	=	32.488	/	( ( 3257.257	+	3237.284 )	/ 2 )
	=	32.488	/	3247.2705
	=	1.00 %

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

Funshine Culture Group Co (SZSE:300860) 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.

Funshine Culture Group Co ROCE % Related Terms

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Funshine Culture Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Funshine Culture Group Co Ltd (SZSE:300860) » Definitions » ROCE %

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Address

No. 1 Qinglong Hutong, Room 1606, 16th Floor, Dongcheng District, Beijing, CHN, 100007

Website

http://www.fssjart.com

Funshine Culture Group Co Ltd is engaged in different types of business in various art events and cultural activities both domestically and internationally, including planning, art creation and design, stage arts design, urban landscape construction and the lighting and audio project designing theatre and art venues. The company operates in four segments namely events and stage lighting; landscape lighting and interpretation; multimedia creative production; live performance and cultural tourism synthesis services.

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