Beijing Golden Times Media Technology (BJSE:834021) ROCE % : 1.34% (As of Mar. 2024)

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What is Beijing Golden Times Media Technology 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. Beijing Golden Times Media Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.34%.

Beijing Golden Times Media Technology ROCE % Historical Data

The historical data trend for Beijing Golden Times Media Technology'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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Beijing Golden Times Media Technology ROCE % Chart

Beijing Golden Times Media Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.43

14.21

12.17

2.77

3.77

Beijing Golden Times Media Technology 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															5.59	-0.16	5.52	4.13	1.34

Beijing Golden Times Media Technology ROCE % Calculation

Beijing Golden Times Media Technology'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 )
	=	24.727	/	( ( (1119.638 - 471.765)	+	(1113.288 - 449.373) )	/ 2 )
	=	24.727	/	( (647.873	+	663.915)	/ 2 )
	=	24.727	/	655.894
	=	3.77 %

Beijing Golden Times Media Technology'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 )
	=	8.892	/	( ( (1113.288 - 449.373)	+	(1036.617 - 373.103) )	/ 2 )
	=	8.892	/	( ( 663.915	+	663.514 )	/ 2 )
	=	8.892	/	663.7145
	=	1.34 %

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

Beijing Golden Times Media Technology (BJSE:834021) 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.

Beijing Golden Times Media Technology ROCE % Related Terms

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Beijing Golden Times Media Technology (BJSE:834021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Beijing Golden Times Media Technology Corp Ltd (BJSE:834021) » Definitions » ROCE %

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Address

Shixing Street, Room B-0103, Floor 2, Building 3, Yard 30, Shijingshan District, Beijing, CHN, 100023

Website

https://www.bjljsy.com

Beijing Golden Times Media Technology Corp Ltd operates in the mobile Internet media entertainment ecosystem industry. The group conducts video content operations and electronic media distribution around the mobile Internet. The company has embedded hardware 8K professional decoder to provide technical support for the 8K live broadcast of the Beijing Radio and Television Station Winter Olympics.

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