Huayi Tencent Entertainment Co (HKSE:00419) ROCE % : -41.05% (As of Dec. 2023)

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What is Huayi Tencent Entertainment 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. Huayi Tencent Entertainment Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -41.05%.

Huayi Tencent Entertainment Co ROCE % Historical Data

The historical data trend for Huayi Tencent Entertainment 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.

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Huayi Tencent Entertainment Co ROCE % Chart

Huayi Tencent Entertainment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.83

-5.97

-19.25

-61.23

-37.24

Huayi Tencent Entertainment Co 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															-36.48	-47.17	-79.37	-32.42	-41.05

Huayi Tencent Entertainment Co ROCE % Calculation

Huayi Tencent Entertainment 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 )
	=	-116.031	/	( ( (589.186 - 224.963)	+	(526.292 - 267.301) )	/ 2 )
	=	-116.031	/	( (364.223	+	258.991)	/ 2 )
	=	-116.031	/	311.607
	=	-37.24 %

Huayi Tencent Entertainment Co'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 )
	=	-120.136	/	( ( (568.476 - 242.185)	+	(526.292 - 267.301) )	/ 2 )
	=	-120.136	/	( ( 326.291	+	258.991 )	/ 2 )
	=	-120.136	/	292.641
	=	-41.05 %

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

Huayi Tencent Entertainment Co (HKSE:00419) 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.

Huayi Tencent Entertainment Co ROCE % Related Terms

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Huayi Tencent Entertainment Co (HKSE:00419) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Huayi Tencent Entertainment Co Ltd (HKSE:00419) » Definitions » ROCE %

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HUYTF:USA

Address

89 Queensway, Suite 908, 9th Floor, Tower Two, Lippo Centre, Hong Kong, HKG

Website

http://www.huayitencent.com

Huayi Tencent Entertainment Co Ltd is a new media company integrating culture and entertainment. The business activities of the group function through Echartnow, Meerkat Health, Entertainment & Media, and Healthcare & Wellness Services. Echartnow segment includes Online prescription, circulation, and marketing of pharmaceutical products. Meerkat Health segment includes an Internet healthcare management platform. Its geographical segments include China, Hong Kong, and Other countries.

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