Merit Interactive Co (SZSE:300766) ROCE % : -1.27% (As of Mar. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Merit Interactive 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. Merit Interactive Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.27%.

Merit Interactive Co ROCE % Historical Data

The historical data trend for Merit Interactive 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.

* Premium members only.

Merit Interactive Co ROCE % Chart

Merit Interactive Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

8.36

2.62

7.24

1.86

-4.19

Merit Interactive 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															0.39	0.35	-4.84	-12.77	-1.27

Merit Interactive Co ROCE % Calculation

Merit Interactive 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 )
	=	-75.883	/	( ( (2151.031 - 294.171)	+	(2039.324 - 271.41) )	/ 2 )
	=	-75.883	/	( (1856.86	+	1767.914)	/ 2 )
	=	-75.883	/	1812.387
	=	-4.19 %

Merit Interactive 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 )
	=	-21.976	/	( ( (2039.324 - 271.41)	+	(1853.875 - 158.644) )	/ 2 )
	=	-21.976	/	( ( 1767.914	+	1695.231 )	/ 2 )
	=	-21.976	/	1731.5725
	=	-1.27 %

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

Merit Interactive Co (SZSE:300766) 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.

Merit Interactive Co ROCE % Related Terms

Thank you for viewing the detailed overview of Merit Interactive Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Merit Interactive Co (SZSE:300766) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Merit Interactive Co Ltd (SZSE:300766) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

West District, No. 525, Xixi Road, No. 7 Xidoumen Road, Xihu District, Hangzhou, Zhejiang, Building A, Room 418, 14th Floor, Block A, Qiandao Lake Zhigu Building, Xihu District, Zhejiang Province, Hangzhou, CHN, 310012

Website

https://www.getui.com

Merit Interactive Co Ltd is a provider of integrated mobile Internet services based on big data.

Executives

Yin Zu Yong	Director
Chen Jin Lai	Supervisors
Fang Yi	Directors, executives
Dong Lin	Supervisors

Merit Interactive Co (SZSE:300766) Headlines

No Headlines