Beijing Jingxi Culture&Tourism Co (SZSE:000802) ROCE % : -2.00% (As of Mar. 2024)

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What is Beijing Jingxi Culture&Tourism 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. Beijing Jingxi Culture&Tourism Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.00%.

Beijing Jingxi Culture&Tourism Co ROCE % Historical Data

The historical data trend for Beijing Jingxi Culture&Tourism 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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Beijing Jingxi Culture&Tourism Co ROCE % Chart

Beijing Jingxi Culture&Tourism Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-62.21

-39.39

-6.29

-2.88

-18.29

Beijing Jingxi Culture&Tourism 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															-2.76	-2.16	-30.42	-38.75	-2.00

Beijing Jingxi Culture&Tourism Co ROCE % Calculation

Beijing Jingxi Culture&Tourism 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 )
	=	-270.321	/	( ( (3463.649 - 1835.584)	+	(2745.351 - 1417.512) )	/ 2 )
	=	-270.321	/	( (1628.065	+	1327.839)	/ 2 )
	=	-270.321	/	1477.952
	=	-18.29 %

Beijing Jingxi Culture&Tourism 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 )
	=	-26.432	/	( ( (2745.351 - 1417.512)	+	(2626.843 - 1312.995) )	/ 2 )
	=	-26.432	/	( ( 1327.839	+	1313.848 )	/ 2 )
	=	-26.432	/	1320.8435
	=	-2.00 %

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

Beijing Jingxi Culture&Tourism Co (SZSE:000802) 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.

Beijing Jingxi Culture&Tourism Co ROCE % Related Terms

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Beijing Jingxi Culture&Tourism Co (SZSE:000802) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Beijing Jingxi Culture&Tourism Co Ltd (SZSE:000802) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

9-5, Jiangtai West Road, Chaoyang District, Mentougou District, Beijing, CHN, 100016

Website

http://www.bjwhmedia.com

Beijing Jingxi Culture&Tourism Co Ltd is a full-industry chain film and television entertainment media group. It is primarily engaged in the tourism and cultural resources, and film and television entertainment production businesses in China.

Executives

Wang Yan	Independent director
Jiang Yang	Securities Affairs Representative
Chen Chen	Directors, executives
Yu Xiao Ping	Executives
Li Hong Jun	Supervisors
Ding Jiang Yong	Director
Huang Zhong Yan	Executives
Du Yang	Executives
Xia Chen An	Directors, executives
Cui Yan Jie	Director
Cong Qi	Executives
Wang Min	Director
Li Lin	Executives
Ren Rong Fen	Supervisors
Yao De Ji	Director

Beijing Jingxi Culture&Tourism Co (SZSE:000802) Headlines

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