Dongjiang Environmental Co (FRA:DGN) ROCE % : -16.73% (As of Dec. 2023)

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What is Dongjiang Environmental Co 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. Dongjiang Environmental Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -16.73%.

Dongjiang Environmental Co ROCE % Historical Data

The historical data trend for Dongjiang Environmental Co'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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Dongjiang Environmental Co ROCE % Chart

Dongjiang Environmental Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.12

8.15

4.59

-4.39

-7.97

Dongjiang Environmental Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-4.81	-2.90	-6.23	-16.73	-6.31

Dongjiang Environmental Co ROCE % Calculation

Dongjiang Environmental Co'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 )
	=	-90.149	/	( ( (1589.43 - 468.287)	+	(1561.874 - 420.739) )	/ 2 )
	=	-90.149	/	( (1121.143	+	1141.135)	/ 2 )
	=	-90.149	/	1131.139
	=	-7.97 %

Dongjiang Environmental Co'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 )
	=	-197.328	/	( ( (1570.492 - 352.852)	+	(1561.874 - 420.739) )	/ 2 )
	=	-197.328	/	( ( 1217.64	+	1141.135 )	/ 2 )
	=	-197.328	/	1179.3875
	=	-16.73 %

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

Dongjiang Environmental Co (FRA:DGN) 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.

Dongjiang Environmental Co ROCE % Related Terms

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Dongjiang Environmental Co (FRA:DGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Dongjiang Environmental Co Ltd (FRA:DGN) » Definitions » ROCE %

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00895:Hong Kong 002672:China

Address

No. 9 Langshan Road, 1st Floor, 3rd Floor, North of 8th Floor, 9th-12th Floor, Dongjiang Environmental Building, North Zone of Hi-tech Industrial Park, Nanshan, Shenzhen, CHN

Website

https://www.dongjiang.com.cn

Dongjiang Environmental Co Ltd is an investment holding company principally engaged in waste treatment businesses. It operates in the following segments: Industrial waste recycling; Industrial waste treatment and disposal; Rare and precious metals recycling; Municipal waste treatment and disposal; Renewable energy utilization; Environmental engineering and services and others; as well as Household appliances dismantling.

Dongjiang Environmental Co (FRA:DGN) Headlines

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