FriendTimes (HKSE:06820) ROCE % : -8.71% (As of Dec. 2023)

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What is FriendTimes 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. FriendTimes's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.71%.

FriendTimes ROCE % Historical Data

The historical data trend for FriendTimes'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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FriendTimes ROCE % Chart

FriendTimes Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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45.79

37.54

14.73

1.47

-5.20

FriendTimes Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								19.27	-9.49	13.28	-2.30	-8.71

FriendTimes ROCE % Calculation

FriendTimes'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 )
	=	-78.194	/	( ( (1801.462 - 118.333)	+	(1603.059 - 279.716) )	/ 2 )
	=	-78.194	/	( (1683.129	+	1323.343)	/ 2 )
	=	-78.194	/	1503.236
	=	-5.20 %

FriendTimes'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 )
	=	-120.482	/	( ( (1579.397 - 135.099)	+	(1603.059 - 279.716) )	/ 2 )
	=	-120.482	/	( ( 1444.298	+	1323.343 )	/ 2 )
	=	-120.482	/	1383.8205
	=	-8.71 %

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

FriendTimes (HKSE:06820) 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.

FriendTimes ROCE % Related Terms

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FriendTimes (HKSE:06820) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » FriendTimes Inc (HKSE:06820) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 68 Qitai Road, FriendTimes Building, Suzhou Industrial Park, Jiangsu Province, CHN

Website

https://www.friendtimes.net

FriendTimes Inc mobile game developer, publisher, and operator. It conducts online games business through Operating Entities. The group has successfully launched Legend of Empress, Fate: Royal Revenge, Royal Chaos, Rise of Queendom, and other flagship products. It generates revenue through China.

Executives

Friends Together Holdings Limited	2101 Beneficial owner
Tmf Trust (hk) Limited	2301 Trustee
Jiang Xiaohuang	2201 Interest of corporation controlled by you
Mao Yuyan	2202 Interest of your spouse
Gorgeous Sunshine Holding Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Friends Fruit Holdings Limited	2201 Interest of corporation controlled by you
Gic Private Limited	2102 Investment manager
Eternal Heart Holdings Limited	2101 Beneficial owner
Future Wisdom Holdings Limited	2201 Interest of corporation controlled by you
Ling Long Holdings Limited	2101 Beneficial owner
Warm Sunshine Holdings Limited	2101 Beneficial owner
Purple Crystal Holdings Limited	2101 Beneficial owner
Purple Dream Holdings Limited	2201 Interest of corporation controlled by you

FriendTimes (HKSE:06820) Headlines

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