Songcheng Performance Development Co (SZSE:300144) ROCE % : 14.90% (As of Mar. 2024)

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What is Songcheng Performance Development 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. Songcheng Performance Development Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.90%.

Songcheng Performance Development Co ROCE % Historical Data

The historical data trend for Songcheng Performance Development 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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Songcheng Performance Development Co ROCE % Chart

Songcheng Performance Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.88

-18.04

4.19

-0.45

0.85

Songcheng Performance Development 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															4.03	13.19	25.81	-40.34	14.90

Songcheng Performance Development Co ROCE % Calculation

Songcheng Performance Development 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 )
	=	71.43	/	( ( (9358.536 - 851.013)	+	(9065.382 - 726.013) )	/ 2 )
	=	71.43	/	( (8507.523	+	8339.369)	/ 2 )
	=	71.43	/	8423.446
	=	0.85 %

Songcheng Performance Development 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 )
	=	1260.964	/	( ( (9065.382 - 726.013)	+	(9372.338 - 784.986) )	/ 2 )
	=	1260.964	/	( ( 8339.369	+	8587.352 )	/ 2 )
	=	1260.964	/	8463.3605
	=	14.90 %

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

Songcheng Performance Development Co (SZSE:300144) 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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Songcheng Performance Development Co (SZSE:300144) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Songcheng Performance Development Co Ltd (SZSE:300144) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

148 River Road, Zhejiang Province, Hangzhou, CHN, 310008

Website

http://www.songcn.com

Songcheng Performance Development Co Ltd operates in the performing arts industry. The company is engaged in the operation of theme parks and tourism cultural shows in China. It has developed dozens of cultural entertainment projects including Songcheng Six Rooms and China Performing Arts Valley. In addition, the company has extended businesses in leisure tourism, live entertainment, and online entertainment, intending to create a performance empire that covers both online and offline traffic.

Executives

Huang Qiao Long	Director
Huang Qiao Ling	Director
Zheng Qi	Executives
Liu Yan	Directors, executives
Xu Jie	Supervisors
Dong Xin	Secretary Dong
Ji Ding Tian	Director
Shang Ling Xia	Executives
Chen Sheng Min	Executives
Zhang Jian Kun	Directors, executives
Yu Feng	Supervisors
Zhao Wei Dong	Supervisors
Zhu Hua Lu	Supervisors
Zhang Hui Pin	Director
Fang Dong Biao	Director

Songcheng Performance Development Co (SZSE:300144) Headlines

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