Chengdu B-ray Media Co (SHSE:600880) ROCE % : 2.41% (As of Mar. 2024)

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What is Chengdu B-ray Media Co 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. Chengdu B-ray Media Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.41%.

Chengdu B-ray Media Co ROCE % Historical Data

The historical data trend for Chengdu B-ray Media Co'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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Chengdu B-ray Media Co ROCE % Chart

Chengdu B-ray Media Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.63

3.89

3.96

2.21

2.04

Chengdu B-ray Media Co 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															2.02	1.32	4.89	-0.03	2.41

Chengdu B-ray Media Co ROCE % Calculation

Chengdu B-ray Media Co'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 )
	=	68.368	/	( ( (3863.647 - 543.531)	+	(4002.5 - 626.678) )	/ 2 )
	=	68.368	/	( (3320.116	+	3375.822)	/ 2 )
	=	68.368	/	3347.969
	=	2.04 %

Chengdu B-ray Media Co'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 )
	=	81.804	/	( ( (4002.5 - 626.678)	+	(3971.602 - 566.251) )	/ 2 )
	=	81.804	/	( ( 3375.822	+	3405.351 )	/ 2 )
	=	81.804	/	3390.5865
	=	2.41 %

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

Chengdu B-ray Media Co (SHSE:600880) 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.

Chengdu B-ray Media Co ROCE % Related Terms

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Chengdu B-ray Media Co (SHSE:600880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Chengdu B-ray Media Co Ltd (SHSE:600880) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Jinjiang Industrial Park, Sichuan Province, Chengdu, CHN, 610063

Website

http://www.b-raymedia.com

Chengdu B-ray Media Co Ltd is a China-based media company which operates newspaper and commercial printing services, outdoor and agent advertising, as well as newspaper and magazine printing and delivery, and the operation of online games.

Executives

Lv Gong Yi	Director
Xu Xiao Dong	senior management
Jiang Xue Mei	Director
Zhang Yue Ming	Supervisors
Meng Fang Lan	Supervisors
Gou Jun	senior management
Cao Jian Chun	Director
Li Xiang Yu	senior management
Wei Xiao	senior management
Yuan Ji Guo	Director
Luo Chong Yang	senior management
Zhang Fu Mao	Director
Li Zhi Gang	Supervisors
Qi Yong	senior management
Sun Xu Jun	Director

Chengdu B-ray Media Co (SHSE:600880) Headlines

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