XD (XDNCF) ROCE % : -8.99% (As of Dec. 2023)

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What is XD 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. XD's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.99%.

XD ROCE % Historical Data

The historical data trend for XD'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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XD ROCE % Chart

XD Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.46

4.58

-27.24

-11.93

2.78

XD Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								-27.08	-17.98	-6.59	11.49	-8.99

XD ROCE % Calculation

XD'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 )
	=	11.776	/	( ( (687.932 - 124.863)	+	(617.552 - 333.612) )	/ 2 )
	=	11.776	/	( (563.069	+	283.94)	/ 2 )
	=	11.776	/	423.5045
	=	2.78 %

XD'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 )
	=	-26.488	/	( ( (670.802 - 365.293)	+	(617.552 - 333.612) )	/ 2 )
	=	-26.488	/	( ( 305.509	+	283.94 )	/ 2 )
	=	-26.488	/	294.7245
	=	-8.99 %

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

XD (OTCPK:XDNCF) 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.

XD ROCE % Related Terms

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XD (XDNCF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » XD Inc (OTCPK:XDNCF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

02400:Hong Kong 3OE:Germany

Address

Wanrong Road, Unit A2, No. 700, Shanghai, CHN

Website

www.2400.hk

XD Inc is engaged in the development, operation, publishing, and distribution of mobile and web games and the provision of information services in China and overseas. It also operates TapTap, a game community and platform in China. It has two operating segments. The game segment, which is the key revenue driver, offers game publishing and operating services on its own and via other distribution channels. Revenues from this segment are derived from game publishing and operating services. The information service segment offers online marketing services to game developers, game publishers, or their agents. Revenues from this segment are derived from performance-based online marketing services.

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