36KR Holdings (36KR Holdings) ROCE % : -16.59% (As of Dec. 2023)

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What is 36KR 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. 36KR Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -16.59%.

36KR Holdings ROCE % Historical Data

The historical data trend for 36KR 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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36KR Holdings ROCE % Chart

36KR Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.56

-51.07

-25.99

-11.77

-28.26

36KR 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															-22.14	-47.33	-22.63	-29.13	-16.59

36KR Holdings ROCE % Calculation

36KR 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 )
	=	-13.035	/	( ( (81.956 - 30.162)	+	(64.279 - 23.824) )	/ 2 )
	=	-13.035	/	( (51.794	+	40.455)	/ 2 )
	=	-13.035	/	46.1245
	=	-28.26 %

36KR 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 )
	=	-6.88	/	( ( (65.512 - 23.01)	+	(64.279 - 23.824) )	/ 2 )
	=	-6.88	/	( ( 42.502	+	40.455 )	/ 2 )
	=	-6.88	/	41.4785
	=	-16.59 %

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

36KR Holdings (NAS:KRKR) 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.

36KR Holdings ROCE % Related Terms

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36KR Holdings (36KR Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » 36KR Holdings Inc (NAS:KRKR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10 South Chaoyang Park Avenue, 5th-6th Floor, Tower A1, Junhao Central Park Plaza, Chaoyang District, Beijing, CHN, 100026

Website

https://www.36kr.com

36KR Holdings Inc is a holding company and conducts its business mainly through its subsidiaries, a VIE, and subsidiaries of the VIE. The Group is engaging in providing content and business services to new economy participants in the PRC. Its content production process includes content creation, content editing, screening and monitoring, and content distribution. The Group mainly generates revenues from providing online advertising services, enterprise value-added services, and subscription services. The Group's principal operations and geographic markets are substantially located in PRC.