Shanghai DOBE Cultural & Creative Industry Development (Group) Co (SZSE:300947) ROCE % : 4.86% (As of Mar. 2024)

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What is Shanghai DOBE Cultural & Creative Industry Development (Group) 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. Shanghai DOBE Cultural & Creative Industry Development (Group) Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.86%.

Shanghai DOBE Cultural & Creative Industry Development (Group) Co ROCE % Historical Data

The historical data trend for Shanghai DOBE Cultural & Creative Industry Development (Group) 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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Shanghai DOBE Cultural & Creative Industry Development (Group) Co ROCE % Chart

Shanghai DOBE Cultural & Creative Industry Development (Group) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.15

7.75

7.06

3.63

4.51

Shanghai DOBE Cultural & Creative Industry Development (Group) 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															3.12	4.20	5.92	4.68	4.86

Shanghai DOBE Cultural & Creative Industry Development (Group) Co ROCE % Calculation

Shanghai DOBE Cultural & Creative Industry Development (Group) 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 )
	=	232.73	/	( ( (6168.058 - 981.086)	+	(6320.938 - 1194.118) )	/ 2 )
	=	232.73	/	( (5186.972	+	5126.82)	/ 2 )
	=	232.73	/	5156.896
	=	4.51 %

Shanghai DOBE Cultural & Creative Industry Development (Group) 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 )
	=	245.284	/	( ( (6320.938 - 1194.118)	+	(6206.837 - 1242.888) )	/ 2 )
	=	245.284	/	( ( 5126.82	+	4963.949 )	/ 2 )
	=	245.284	/	5045.3845
	=	4.86 %

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

Shanghai DOBE Cultural & Creative Industry Development (Group) Co (SZSE:300947) 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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Shanghai DOBE Cultural & Creative Industry Development (Group) Co (SZSE:300947) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shanghai DOBE Cultural & Creative Industry Development (Group) Co Ltd (SZSE:300947) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.492, Anhua Road, Room 707, Building 1, Changning District, Shanghai, CHN, 200050

Website

http://www.dobechina.com

Shanghai DOBE Cultural & Creative Industry Development (Group) Co Ltd is a professional service provider dedicated towards the development of cultural and technological enterprises. DoBe not only provides enterprises with a comfortable, ecological, and personalized high-quality office environment, but also provides entrepreneurial services, brand promotion, financial consulting, business registration and others.

Executives

Jia Bo

Director

Shanghai DOBE Cultural & Creative Industry Development (Group) Co (SZSE:300947) Headlines

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