China Television Media (SHSE:600088) ROCE % : 2.74% (As of Mar. 2024)

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What is China Television Media 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 Television Media's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.74%.

China Television Media ROCE % Historical Data

The historical data trend for China Television Media'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 Television Media ROCE % Chart

China Television Media Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.95

-12.47

1.55

-6.45

19.79

China Television Media Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															1.47	93.82	1.33	-18.48	2.74

China Television Media ROCE % Calculation

China Television Media'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 )
	=	254.644	/	( ( (1588.776 - 408.699)	+	(1698.626 - 304.911) )	/ 2 )
	=	254.644	/	( (1180.077	+	1393.715)	/ 2 )
	=	254.644	/	1286.896
	=	19.79 %

China Television Media's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	38.248	/	( ( (1698.626 - 304.911)	+	(1644.719 - 243.541) )	/ 2 )
	=	38.248	/	( ( 1393.715	+	1401.178 )	/ 2 )
	=	38.248	/	1397.4465
	=	2.74 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

China Television Media (SHSE:600088) 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 Television Media ROCE % Related Terms

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China Television Media (SHSE:600088) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » China Television Media Ltd (SHSE:600088) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 450 Fushan Road, 17F, Pudong, Shanghai, Shanghai, CHN, 200122

Website

http://www.ctv-media.com.cn

China Television Media Ltd is a China-based company engaged in the movies and televisions (TVs) businesses. The movies and TV-related businesses mainly include the development and operations of movies and TV bases, the producing and publishing of movies and TV dramas, among others. The company is also involved in the advertising businesses, as well as the movies and TV bases tourism businesses. The company is also engaged in the provision of related technology services through its subsidiaries.

Executives

Chou Jie Ming	Director
Xu Yi Ming	senior management
Pang Jian	Director

China Television Media (SHSE:600088) Headlines

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