Phoenix Media Investment (Holdings) (HKSE:02008) ROCE % : -3.30% (As of Dec. 2023)

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What is Phoenix Media Investment (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. Phoenix Media Investment (Holdings)'s annualized ROCE % for the quarter that ended in Dec. 2023 was -3.30%.

Phoenix Media Investment (Holdings) ROCE % Historical Data

The historical data trend for Phoenix Media Investment (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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Phoenix Media Investment (Holdings) ROCE % Chart

Phoenix Media Investment (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.46

-20.34

-7.76

-6.50

-5.52

Phoenix Media Investment (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															-9.08	-14.35	1.87	-7.61	-3.30

Phoenix Media Investment (Holdings) ROCE % Calculation

Phoenix Media Investment (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 )
	=	-281.163	/	( ( (7230.616 - 1943.592)	+	(6690.395 - 1782.268) )	/ 2 )
	=	-281.163	/	( (5287.024	+	4908.127)	/ 2 )
	=	-281.163	/	5097.5755
	=	-5.52 %

Phoenix Media Investment (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 )
	=	-165.566	/	( ( (7064.683 - 1925.69)	+	(6690.395 - 1782.268) )	/ 2 )
	=	-165.566	/	( ( 5138.993	+	4908.127 )	/ 2 )
	=	-165.566	/	5023.56
	=	-3.30 %

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

Phoenix Media Investment (Holdings) (HKSE:02008) 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.

Phoenix Media Investment (Holdings) ROCE % Related Terms

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Phoenix Media Investment (Holdings) (HKSE:02008) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Phoenix Media Investment (Holdings) Ltd (HKSE:02008) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2-6 Dai King Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong, HKG

Website

https://phtv.ifeng.com

Phoenix Media Investment (Holdings) Ltd is engaged in satellite television broadcasting and the provision of new media services. The group mainly operates in five segments; Television broadcasting, Internet media, Outdoor media, Real estate, and Other activities. It generates maximum revenue from the Television broadcasting segment. The Television broadcasting business is engaged in the broadcasting of television programs and commercials and the provision of promotion activities.

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