Huanxi Media Group (HKSE:01003) ROCE % : -31.20% (As of Dec. 2023)

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What is Huanxi 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. Huanxi Media Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -31.20%.

Huanxi Media Group ROCE % Historical Data

The historical data trend for Huanxi 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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Huanxi Media Group ROCE % Chart

Huanxi Media Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.01

-17.79

-13.65

-14.30

15.42

Huanxi Media Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-14.15	-11.49	-17.19	60.78	-31.20

Huanxi Media Group ROCE % Calculation

Huanxi 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 )
	=	217.008	/	( ( (2210.335 - 852.594)	+	(2234.243 - 777.126) )	/ 2 )
	=	217.008	/	( (1357.741	+	1457.117)	/ 2 )
	=	217.008	/	1407.429
	=	15.42 %

Huanxi Media Group'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 )
	=	-489.628	/	( ( (2356.429 - 675.112)	+	(2234.243 - 777.126) )	/ 2 )
	=	-489.628	/	( ( 1681.317	+	1457.117 )	/ 2 )
	=	-489.628	/	1569.217
	=	-31.20 %

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

Huanxi Media Group (HKSE:01003) 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.

Huanxi Media Group ROCE % Related Terms

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Huanxi Media Group (HKSE:01003) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Huanxi Media Group Ltd (HKSE:01003) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Harcourt Road, 11th Floor, Far East Finance Centre, Admiralty, Hong Kong, HKG

Website

https://www.huanximedia.com

Huanxi Media Group Ltd is a media company in China focused on the investment and production of films, drama series, and the operation of a subscription-based online video platform. The company is an investment holding and film investment company. Its subsidiaries are principally engaged in media and entertainment related businesses. Its one reportable segment is the investment in film and TV programmes rights. The current operations of the company are located in the PRC and Hong Kong.

Executives

Fmr Llc	2201 Interest of corporation controlled by you
Newwood Investments Limited	2401 A concert party to an agreement to buy shares
Pacific Wits Limited	2401 A concert party to an agreement to buy shares
Tairong Holdings Limited	2401 A concert party to an agreement to buy shares
Dong Ping	2101 Beneficial owner
Ning Hao	2401 A concert party to an agreement to buy shares
Xu Zheng	2401 A concert party to an agreement to buy shares
Maoyan Entertainment	2101 Beneficial owner
Bilibili Inc.	2101 Beneficial owner

Huanxi Media Group (HKSE:01003) Headlines

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