China Ruyi Holdings (HKSE:00136) ROCE % : 23.62% (As of Dec. 2023)

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What is China Ruyi Holdings 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. China Ruyi Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 23.62%.

China Ruyi Holdings ROCE % Historical Data

The historical data trend for China Ruyi Holdings'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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China Ruyi Holdings ROCE % Chart

China Ruyi Holdings Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.95

1.62

26.86

8.93

8.70

China Ruyi Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															101.25	5.86	13.28	-5.58	23.62

China Ruyi Holdings ROCE % Calculation

China Ruyi Holdings'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 )
	=	1174.547	/	( ( (14761.817 - 2279.865)	+	(18245.498 - 3741.785) )	/ 2 )
	=	1174.547	/	( (12481.952	+	14503.713)	/ 2 )
	=	1174.547	/	13492.8325
	=	8.70 %

China Ruyi Holdings's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	3002.302	/	( ( (14271.87 - 3356.749)	+	(18245.498 - 3741.785) )	/ 2 )
	=	3002.302	/	( ( 10915.121	+	14503.713 )	/ 2 )
	=	3002.302	/	12709.417
	=	23.62 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

China Ruyi Holdings (HKSE:00136) 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.

China Ruyi Holdings ROCE % Related Terms

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China Ruyi Holdings (HKSE:00136) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » China Ruyi Holdings Ltd (HKSE:00136) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

4Z81:Germany

Address

38 Gloucester Road, 15th Floor, China Evergrande Centre, Wanchai, Hong Kong, HKG

Website

https://www.ryholdings.com

China Ruyi Holdings Ltd is a streaming media company engaged in deploying internet streaming media business. The group is organised into three business segments: content production and online streaming business, internet community and related businesses; and manufacture and sales of accessories. The content production and online streaming business generate majority of its revenue.

Executives

Ke Liming	2201 Interest of corporation controlled by you
Virtual Cinema Holding Limited	2201 Interest of corporation controlled by you
Tencent Holdings Limited
Eagle Smart Capital Investment Group Limited	2101 Beneficial owner
Li Shao Yu	2201 Interest of corporation controlled by you

China Ruyi Holdings (HKSE:00136) Headlines

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