Activation Group Holdings (HKSE:09919) ROCE % : 30.62% (As of Jun. 2023)

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What is Activation Group 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. Activation Group Holdings's annualized ROCE % for the quarter that ended in Jun. 2023 was 30.62%.

Activation Group Holdings ROCE % Historical Data

The historical data trend for Activation Group 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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Activation Group Holdings ROCE % Chart

Activation Group Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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59.26

17.76

36.00

13.35

44.78

Activation Group Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial									41.37	-1.81	30.01	30.62	63.69

Activation Group Holdings ROCE % Calculation

Activation Group Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	62.786	/	( ( (877.017 - 342.06)	+	(794.259 - 388.316) )	/ 2 )
	=	62.786	/	( (534.957	+	405.943)	/ 2 )
	=	62.786	/	470.45
	=	13.35 %

Activation Group Holdings's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	117.83	/	( ( (794.259 - 388.316)	+	(719.575 - 355.859) )	/ 2 )
	=	117.83	/	( ( 405.943	+	363.716 )	/ 2 )
	=	117.83	/	384.8295
	=	30.62 %

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

Activation Group Holdings (HKSE:09919) 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.

Activation Group Holdings ROCE % Related Terms

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Activation Group Holdings (HKSE:09919) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Activation Group Holdings Ltd (HKSE:09919) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 399A Liu Zhou Road, 8th Floor, Hengdi Warehouse International Building, Xuhui District, Shanghai, CHN, 200235

Website

https://www.activation-gp.com

Activation Group Holdings Ltd is an integrated marketing solutions provider. The company focuses on the provision of experiential marketing, digital and brand communication, and public relations services. Its operating segment includes Experiential marketing services, Digital and communication services and IP development. The company generates maximum revenue from Experiential marketing services. Geographically, it derives a majority of revenue from Mainland China and also has a presence in Hong Kong/Singapore.

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