Sino Splendid Holdings (HKSE:08006) ROCE % : -18.01% (As of Sep. 2023)

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What is Sino Splendid 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. Sino Splendid Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was -18.01%.

Sino Splendid Holdings ROCE % Historical Data

The historical data trend for Sino Splendid 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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Sino Splendid Holdings ROCE % Chart

Sino Splendid Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.90

-17.14

-15.22

-36.04

-62.98

Sino Splendid Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-95.18	-17.86	-37.50	-18.01	-242.71

Sino Splendid Holdings ROCE % Calculation

Sino Splendid Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-42.791	/	( ( (154.684 - 20.018)	+	(110.423 - 7.618) )	/ 2 )
	=	-42.791	/	( (134.666	+	102.805)	/ 2 )
	=	-42.791	/	118.7355
	=	-36.04 %

Sino Splendid Holdings's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-16.516	/	( ( (114.309 - 22.623)	+	(0 - 0) )	/ 1 )
	=	-16.516	/	( ( 91.686	+	0 )	/ 1 )
	=	-16.516	/	91.686
	=	-18.01 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Sino Splendid Holdings (HKSE:08006) 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.

Sino Splendid Holdings ROCE % Related Terms

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Sino Splendid Holdings (HKSE:08006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sino Splendid Holdings Ltd (HKSE:08006) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

18 Queen’s Road Central, New World Tower, Unit 2302, 23rd Floor, Sheung Wan, Hong Kong, HKG

Website

http://www.sinosplendid.com

Sino Splendid Holdings Ltd is an investment holding company. The group is principally engaged in travel media operations with the provision of advertising services through internet and travel magazines, event organizing services, and magazine publication; provision of contents and advertising services in a financial magazine distributed in the People's Republic of China and investment in securities and money lending. The company operates in five segments namely travel media business; financial magazine business; securities investment; money lending; and virtual reality. It derives revenue from travel media business that provides advertising services through the internet and travel magazines, event organizing services, and magazine publication.

Sino Splendid Holdings (HKSE:08006) Headlines

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