DouYu International Holdings (DouYu International Holdings) ROCE % : -6.36% (As of Dec. 2023)

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What is DouYu International 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. DouYu International Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.36%.

DouYu International Holdings ROCE % Historical Data

The historical data trend for DouYu International 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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DouYu International Holdings ROCE % Chart

DouYu International Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.39

3.79

-9.87

-2.95

-2.23

DouYu International Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-3.40	-1.68	-0.44	-0.51	-6.36

DouYu International Holdings ROCE % Calculation

DouYu International 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 )
	=	-21.018	/	( ( (1168.347 - 223.57)	+	(1130.515 - 192.721) )	/ 2 )
	=	-21.018	/	( (944.777	+	937.794)	/ 2 )
	=	-21.018	/	941.2855
	=	-2.23 %

DouYu International 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-59.644	/	( ( (1150.529 - 213.092)	+	(1130.515 - 192.721) )	/ 2 )
	=	-59.644	/	( ( 937.437	+	937.794 )	/ 2 )
	=	-59.644	/	937.6155
	=	-6.36 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

DouYu International Holdings (NAS:DOYU) 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.

DouYu International Holdings ROCE % Related Terms

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DouYu International Holdings (DouYu International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » DouYu International Holdings Ltd (NAS:DOYU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DY8A:Germany

Address

No. 473 Guanshan Avenue, 20th Floor, Building A, New Development International Center, Hongshan District, Hubei Province, Wuhan, CHN, 430073

Website

https://www.douyu.com

DouYu International Holdings Ltd is a game-centric live streaming platform in China. The company operates its platform on both PC and mobile apps, through which users can enjoy immersive and interactive games and entertainment live streaming. It generates revenues through live streaming and advertisement.