Maoyan Entertainment (HKSE:01896) ROCE % : 13.74% (As of Dec. 2023)

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What is Maoyan Entertainment 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. Maoyan Entertainment's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.74%.

Maoyan Entertainment ROCE % Historical Data

The historical data trend for Maoyan Entertainment'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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Maoyan Entertainment ROCE % Chart

Maoyan Entertainment Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.70

-7.50

7.23

2.31

13.15

Maoyan Entertainment Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial										1.01	4.73	-	12.61	13.74

Maoyan Entertainment ROCE % Calculation

Maoyan Entertainment'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 )
	=	1267.47	/	( ( (11455.28 - 2176.857)	+	(13716.092 - 3718.332) )	/ 2 )
	=	1267.47	/	( (9278.423	+	9997.76)	/ 2 )
	=	1267.47	/	9638.0915
	=	13.15 %

Maoyan Entertainment'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 )
	=	1345.504	/	( ( (13690.915 - 4106.063)	+	(13716.092 - 3718.332) )	/ 2 )
	=	1345.504	/	( ( 9584.852	+	9997.76 )	/ 2 )
	=	1345.504	/	9791.306
	=	13.74 %

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

Maoyan Entertainment (HKSE:01896) 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.

Maoyan Entertainment ROCE % Related Terms

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Maoyan Entertainment (HKSE:01896) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Maoyan Entertainment (HKSE:01896) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

9ME:Germany

Address

No. 11 Hepingli East Street, No. 3 Building, Yonghe Hangxing Garden, Dongcheng District, Beijing, CHN

Website

https://www.maoyan.com

Maoyan Entertainment is a China-based company which mainly operates an innovative Internet-empowered entertainment service platform. The company operates in three segments. The Online Entertainment Ticketing Services segment offers online ticketing services for comprehensive entertainment formats, such as movies and entertainment events. The Entertainment Content Services segment operates an integrated platform to provide entertainment content services, ranging from distribution, and promotion to production, for various entertainment formats including movies, TV series, variety shows, and entertainment events. The Advertising Services and Others segment serves advertisers in both the entertainment industry and other industries including automobile, electronics, and consumer products.

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