Litian Pictures Holdings (HKSE:09958) ROCE % : -227.85% (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Litian Pictures 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. Litian Pictures Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -227.85%.

Litian Pictures Holdings ROCE % Historical Data

The historical data trend for Litian Pictures 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.

* Premium members only.

Litian Pictures Holdings ROCE % Chart

Litian Pictures Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

28.27

17.55

-18.50

-69.64

-108.85

Litian Pictures Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							-41.57	-2.18	-141.07	-	-227.85

Litian Pictures Holdings ROCE % Calculation

Litian Pictures 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 )
	=	-136.544	/	( ( (916.469 - 704.796)	+	(789.062 - 749.852) )	/ 2 )
	=	-136.544	/	( (211.673	+	39.21)	/ 2 )
	=	-136.544	/	125.4415
	=	-108.85 %

Litian Pictures 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 )
	=	-273.08	/	( ( (1000.081 - 799.592)	+	(789.062 - 749.852) )	/ 2 )
	=	-273.08	/	( ( 200.489	+	39.21 )	/ 2 )
	=	-273.08	/	119.8495
	=	-227.85 %

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

Litian Pictures Holdings (HKSE:09958) 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.

Litian Pictures Holdings ROCE % Related Terms

Thank you for viewing the detailed overview of Litian Pictures Holdings's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Litian Pictures Holdings (HKSE:09958) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Litian Pictures Holdings Ltd (HKSE:09958) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5A, Tongniu Dianying Industrial Park, Chaoyang District, Beijing, CHN

Website

https://www.litian.tv

Litian Pictures Holdings Ltd is a a drama series distribution company in the People's Republic of China. It is engaged in the business of licensing the broadcasting rights of self-produced and outright-purchased drama series. In addition, it is engaged in other businesses, which include selling drama series scripts; acting as a distribution agent of the broadcasting rights of TV series; and investing in drama series in which it acts as a non-executive producer. It operates in three segments namely, Self-produced drama series; Outright-purchased drama series; and Others. It derives all its revenue from production, distribution and licensing of broadcasting rights of drama series in China.

Executives

Tian Tian	2201 Interest of corporation controlled by you
Yuan Li	2201 Interest of corporation controlled by you
Litian Century Media Co. Ltd.	2101 Beneficial owner
Marshal Investment Co. Ltd.	2101 Beneficial owner
Joint Fortune Huayi Emerging Industry Investment Co. Ltd.	2101 Beneficial owner
Li Yiwei	2201 Interest of corporation controlled by you
Xie Ailong	2201 Interest of corporation controlled by you

Litian Pictures Holdings (HKSE:09958) Headlines

No Headlines