Guomai Culture & Media Co (SZSE:301052) ROCE % : 11.05% (As of Sep. 2024)

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What is Guomai Culture & Media 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. Guomai Culture & Media Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.05%.

Guomai Culture & Media Co ROCE % Historical Data

The historical data trend for Guomai Culture & Media 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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Guomai Culture & Media Co ROCE % Chart

Guomai Culture & Media Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.02

12.12

13.48

7.90

9.50

Guomai Culture & Media 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															6.39	10.06	-6.24	8.51	11.05

Guomai Culture & Media Co ROCE % Calculation

Guomai Culture & Media 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 )
	=	62.103	/	( ( (747.669 - 127.24)	+	(805.238 - 118.199) )	/ 2 )
	=	62.103	/	( (620.429	+	687.039)	/ 2 )
	=	62.103	/	653.734
	=	9.50 %

Guomai Culture & Media 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 )
	=	78.356	/	( ( (825.301 - 135.139)	+	(886.28 - 158.397) )	/ 2 )
	=	78.356	/	( ( 690.162	+	727.883 )	/ 2 )
	=	78.356	/	709.0225
	=	11.05 %

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

Guomai Culture & Media Co (SZSE:301052) 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.

Guomai Culture & Media Co ROCE % Related Terms

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Guomai Culture & Media Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Guomai Culture & Media Co Ltd (SZSE:301052) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 181 Guyi Road, 5th Floor, Building B, Xihui District, Shanghai, CHN, 200235

Website

https://www.guomai.cn

Guomai Culture & Media Co Ltd is engaged in the book planning and distribution, digital content business, IP derivation and operation.

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