Dh Enchantment (Dh Enchantment) ROCE % : 0.00% (As of Dec. 2023)

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What is Dh Enchantment 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. Dh Enchantment's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Dh Enchantment ROCE % Historical Data

The historical data trend for Dh Enchantment'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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Dh Enchantment ROCE % Chart

Dh Enchantment Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

112.50

Dh Enchantment Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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Dh Enchantment ROCE % Calculation

Dh Enchantment's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-0.376	/	( ( (0.121 - 0.479)	+	(0.015 - 0.837) )	/ 2 )
	=	-0.376	/	( (-0.358	+	-0.822)	/ 2 )
	=	-0.376	/	-0.59
	=	63.73 %

Dh Enchantment'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 )
	=	-0.036	/	( ( (0.001 - 0.866)	+	(0.002 - 0.88) )	/ 2 )
	=	-0.036	/	( ( -0.865	+	-0.878 )	/ 2 )
	=	-0.036	/	-0.8715
	=	0 %

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

Dh Enchantment (OTCPK:ENMI) 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.

Dh Enchantment ROCE % Related Terms

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Dh Enchantment (Dh Enchantment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Dh Enchantment Inc (OTCPK:ENMI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

316-318 Kwun Tong Road, Unit A, 13th Floor, Gee Luen Factory Building, Kowloon, Hong Kong, HKG

Website

http://www.wesaveenergy.com

Dh Enchantment Inc is engaged in the sale and distribution of COVID-19 rapid antigen tester sets.

Executives

Lo Kin Yi Sally	director, 10 percent owner, officer: CEO, CFO and Secretary	G/F, 49A CHEUNG PO TSUEN, PAT HEUNG, YUEN LONG K3 00000
Daily Success Development Ltd	10 percent owner	UNIT A, 13/F KWUN TOND ROAD, KOWLOON K3 00000

Dh Enchantment (Dh Enchantment) Headlines

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