Digital Domain Holdings (HKSE:00547) ROCE % : -43.39% (As of Dec. 2023)

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What is Digital Domain Holdings 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. Digital Domain Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -43.39%.

Digital Domain Holdings ROCE % Historical Data

The historical data trend for Digital Domain Holdings'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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Digital Domain Holdings ROCE % Chart

Digital Domain Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-18.35

-38.71

-77.78

-26.06

-59.58

Digital Domain Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-110.18	-29.18	-22.86	-68.96	-43.39

Digital Domain Holdings ROCE % Calculation

Digital Domain Holdings'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 )
	=	-435.162	/	( ( (1029.703 - 424.88)	+	(1253.923 - 397.934) )	/ 2 )
	=	-435.162	/	( (604.823	+	855.989)	/ 2 )
	=	-435.162	/	730.406
	=	-59.58 %

Digital Domain Holdings's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-369.588	/	( ( (1261.182 - 413.671)	+	(1253.923 - 397.934) )	/ 2 )
	=	-369.588	/	( ( 847.511	+	855.989 )	/ 2 )
	=	-369.588	/	851.75
	=	-43.39 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Digital Domain Holdings (HKSE:00547) 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.

Digital Domain Holdings ROCE % Related Terms

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Digital Domain Holdings (HKSE:00547) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Digital Domain Holdings Ltd (HKSE:00547) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Suite 2005, 20th Floor, West Tower, Shun Tak Centre, Hong Kong, HKG

Website

https://www.digitaldomain.com

Digital Domain Holdings is an investment holdings company primarily operating in the diversified media industry. The company operates through its media and entertainment segment. The segment offers visual effects services, virtual reality creation services, 360-degree camera technology, and related hardware and services. The company primarily operates in China, the United States, Canada, and the United Kingdom. The majority of the company's revenue is earned from United States.

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