Daisho Microline Holdings (HKSE:00567) ROCE % : -9.35% (As of Sep. 2023)

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What is Daisho Microline 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. Daisho Microline Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was -9.35%.

Daisho Microline Holdings ROCE % Historical Data

The historical data trend for Daisho Microline 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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Daisho Microline Holdings ROCE % Chart

Daisho Microline Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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45.32

-38.06

-24.50

-20.91

-21.42

Daisho Microline Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															-30.65	-20.99	-32.39	-10.20	-9.35

Daisho Microline Holdings ROCE % Calculation

Daisho Microline Holdings'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 )
	=	-25.602	/	( ( (175.608 - 42.801)	+	(144.603 - 38.376) )	/ 2 )
	=	-25.602	/	( (132.807	+	106.227)	/ 2 )
	=	-25.602	/	119.517
	=	-21.42 %

Daisho Microline Holdings's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-9.674	/	( ( (144.603 - 38.376)	+	(128.928 - 28.209) )	/ 2 )
	=	-9.674	/	( ( 106.227	+	100.719 )	/ 2 )
	=	-9.674	/	103.473
	=	-9.35 %

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

Daisho Microline Holdings (HKSE:00567) 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.

Daisho Microline Holdings ROCE % Related Terms

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Daisho Microline Holdings (HKSE:00567) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Daisho Microline Holdings Ltd (HKSE:00567) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Lee Chung Street, Unit A, 10th Floor, Fook Hing Industrial Building, Chai Wan, Hong Kong, HKG

Website

http://www.daisho-microline.com

Daisho Microline Holdings Ltd is an investment holding company. The company's segment includes the Manufacturing and trading of printed circuit boards; and the Manufacturing and trading of printing and packaging products. The company generates maximum revenue from the Manufacturing and trading of printing and packaging products segment.

Daisho Microline Holdings (HKSE:00567) Headlines

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