Newborn Town (HKSE:09911) ROCE % : 50.44% (As of Dec. 2023)

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What is Newborn Town 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. Newborn Town's annualized ROCE % for the quarter that ended in Dec. 2023 was 50.44%.

Newborn Town ROCE % Historical Data

The historical data trend for Newborn Town'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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Newborn Town ROCE % Chart

Newborn Town Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.42

18.27

-44.95

24.56

44.57

Newborn Town Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial									-111.54	26.85	19.23	42.16	50.44

Newborn Town ROCE % Calculation

Newborn Town'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 )
	=	851.733	/	( ( (1920.992 - 389.816)	+	(3052.579 - 761.719) )	/ 2 )
	=	851.733	/	( (1531.176	+	2290.86)	/ 2 )
	=	851.733	/	1911.018
	=	44.57 %

Newborn Town'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 )
	=	1015.148	/	( ( (2075.819 - 341.494)	+	(3052.579 - 761.719) )	/ 2 )
	=	1015.148	/	( ( 1734.325	+	2290.86 )	/ 2 )
	=	1015.148	/	2012.5925
	=	50.44 %

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

Newborn Town (HKSE:09911) 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.

Newborn Town ROCE % Related Terms

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Newborn Town (HKSE:09911) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Newborn Town Inc (HKSE:09911) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xiaoyun Road 33rd Building, 6th Floor, Tower B, Chaoyang District, Beijing, CHN

Website

https://www.newborntown.com

Newborn Town Inc is a mobile app developer and mobile advertising platform services provider based on AI technologies. The company operates through two segments namely, Social networking business and Innovative business. It generates majority revenue from Social networking business segment.

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