Digital China Holdings (HKSE:00861) ROCE % : -23.10% (As of Dec. 2023)

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What is Digital China 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. Digital China Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -23.10%.

Digital China Holdings ROCE % Historical Data

The historical data trend for Digital China 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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Digital China Holdings ROCE % Chart

Digital China Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.17

8.12

7.26

3.84

-10.34

Digital China Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															9.95	4.48	3.39	2.13	-23.10

Digital China Holdings ROCE % Calculation

Digital China 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 )
	=	-1663.934	/	( ( (27658.523 - 10359.571)	+	(24937.954 - 10041.802) )	/ 2 )
	=	-1663.934	/	( (17298.952	+	14896.152)	/ 2 )
	=	-1663.934	/	16097.552
	=	-10.34 %

Digital China 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: 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 )
	=	-3694.742	/	( ( (26038.372 - 8947.539)	+	(24937.954 - 10041.802) )	/ 2 )
	=	-3694.742	/	( ( 17090.833	+	14896.152 )	/ 2 )
	=	-3694.742	/	15993.4925
	=	-23.10 %

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

Digital China Holdings (HKSE:00861) 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.

Digital China Holdings ROCE % Related Terms

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Digital China Holdings (HKSE:00861) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Digital China Holdings Ltd (HKSE:00861) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DCHIY:USA DCHIF:USA 910861:Taiwan DIN:Germany

Address

77-79 Gloucester Road, 31st Floor, Fortis Tower, Wanchai, Hong Kong, HKG

Website

https://www.dcholdings.com

Digital China Holdings is a holding company that through its subsidiaries provides information technology services. The company organizes itself into thre primary segments based on services provided. such as The Big Data Products and Solutions business segment, The Software and Operating Services business segment and The Traditional and Localization Services business segment. Company generates majority revenue from Traditional and Localization Services segment.

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