IMAX China Holding (HKSE:01970) ROCE % : 12.44% (As of Dec. 2023)

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What is IMAX China Holding 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. IMAX China Holding's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.44%.

IMAX China Holding ROCE % Historical Data

The historical data trend for IMAX China Holding'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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IMAX China Holding ROCE % Chart

IMAX China Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.53

-3.02

18.05

5.57

12.52

IMAX China Holding 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															17.30	2.05	9.43	13.10	12.44

IMAX China Holding ROCE % Calculation

IMAX China Holding'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 )
	=	266.197	/	( ( (2541.178 - 489.071)	+	(2485.672 - 284.894) )	/ 2 )
	=	266.197	/	( (2052.107	+	2200.778)	/ 2 )
	=	266.197	/	2126.4425
	=	12.52 %

IMAX China Holding'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 )
	=	264.44	/	( ( (2501.469 - 451.557)	+	(2485.672 - 284.894) )	/ 2 )
	=	264.44	/	( ( 2049.912	+	2200.778 )	/ 2 )
	=	264.44	/	2125.345
	=	12.44 %

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

IMAX China Holding (HKSE:01970) 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.

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IMAX China Holding (HKSE:01970) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » IMAX China Holding Inc (HKSE:01970) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IMXCF:USA IMK:Germany

Address

No. 128 West Nanjing Road, 7th Floor, Verdant Place, Huangpu District, Shanghai, CHN, 200003

Website

http://www.imax.cn

IMAX China Holding Inc is an investment holding company that operates in the Entertainment industry in China. The company, a subsidiary of IMAX Corporation, creates and distributes proprietary cinema presentation technology. It operates in the following segments: IMAX Technology Network, which earns revenue based on contingent box office receipts and includes the IMAX DMR films segment and contingent rent from the revenue sharing arrangements segment; IMAX Technology Sales and Maintenance, which includes results from IMAX Systems, IMAX Maintenance, and Other Theatre Business, as well as upfront fees from the revenue sharing arrangements; and New Business Initiatives and Other, which includes activities related to the exploration of new lines of business.

Executives

Imax (barbados) Holdings, Inc.
Imax Corporation

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