Shunya International Martech (Beijing) Co (SZSE:300612) ROCE % : -16.17% (As of Mar. 2024)

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What is Shunya International Martech (Beijing) 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. Shunya International Martech (Beijing) Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -16.17%.

Shunya International Martech (Beijing) Co ROCE % Historical Data

The historical data trend for Shunya International Martech (Beijing) 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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Shunya International Martech (Beijing) Co ROCE % Chart

Shunya International Martech (Beijing) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.34

-4.86

6.51

19.37

-21.05

Shunya International Martech (Beijing) 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															4.96	7.11	1.78	-102.69	-16.17

Shunya International Martech (Beijing) Co ROCE % Calculation

Shunya International Martech (Beijing) 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 )
	=	-67.46	/	( ( (888.433 - 516.645)	+	(727.012 - 457.905) )	/ 2 )
	=	-67.46	/	( (371.788	+	269.107)	/ 2 )
	=	-67.46	/	320.4475
	=	-21.05 %

Shunya International Martech (Beijing) 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 )
	=	-64.836	/	( ( (727.012 - 457.905)	+	(906.942 - 374.333) )	/ 2 )
	=	-64.836	/	( ( 269.107	+	532.609 )	/ 2 )
	=	-64.836	/	400.858
	=	-16.17 %

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

Shunya International Martech (Beijing) Co (SZSE:300612) 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.

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Shunya International Martech (Beijing) Co (SZSE:300612) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Shunya International Martech (Beijing) Co Ltd (SZSE:300612) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Creative Industry Park CN02, Bali Zhuang Dong Li Lai Kam 1 Cultural, Chaoyang District, Beijing, CHN, 100025

Website

http://www.shunyagroup.com

Shunya International Martech (Beijing) Co Ltd is a Chinese integrated communication agency. It provides communications solution services. The services include enterprise management, market planning, contractor exhibition activities and advertising information consultation services.

Executives

Zhang Xiu Bing

Director

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