Da Sen Holdings Group (HKSE:01580) ROCE % : 5.51% (As of Sep. 2023)

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What is Da Sen Holdings Group 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. Da Sen Holdings Group's annualized ROCE % for the quarter that ended in Sep. 2023 was 5.51%.

Da Sen Holdings Group ROCE % Historical Data

The historical data trend for Da Sen Holdings Group'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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Da Sen Holdings Group ROCE % Chart

Da Sen Holdings Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Mar23

ROCE %

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6.56

-14.83

-70.39

-107.54

Da Sen Holdings Group Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep23
ROCE %	Get a 7-Day Free Trial													-70.17	-39.75	-183.86	-58.37	5.51

Da Sen Holdings Group ROCE % Calculation

Da Sen Holdings Group'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: Dec. 2021 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Dec. 2021 )		(A: Mar. 2023 )
	=	0	/	( ( (221.243 - 159.546)	+	(168.66 - 130.758) )	/ 2 )
	=	0	/	( (61.697	+	37.902)	/ 2 )
	=	0	/	49.7995
	=	0.00 %

Da Sen Holdings Group'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: Jun. 2022 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2022 )		(Q: Sep. 2023 )
	=	2.194	/	( ( (200.075 - 159.508)	+	(164.201 - 125.06) )	/ 2 )
	=	2.194	/	( ( 40.567	+	39.141 )	/ 2 )
	=	2.194	/	39.854
	=	5.51 %

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

Da Sen Holdings Group (HKSE:01580) 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.

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Da Sen Holdings Group (HKSE:01580) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Da Sen Holdings Group Ltd (HKSE:01580) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Economic Development Zone, Sunsi Town, Chengwu, Shandong, CHN

Website

http://www.msdscn.com

Da Sen Holdings Group Ltd is an investment holding company. The principal business is the manufacture and sale of plywood products and biomass wood pellets. The company mainly operates through two segments, Manufacturing and sales of plywood and Leasing activities. The highest revenue is generated from the sales of the Plywood segment. The group's operations are located in the PRC.

Executives

Wong Tseng Hon	2101 Beneficial owner
Chai Kaw Sing	2202 Interest of your spouse
Leung Leung Wing Yee Winnie	2104 Agent
Zhang Ayang	2202 Interest of your spouse
Wang Songmao	2101 Beneficial owner
Wu Haiyan	2401 A concert party to an agreement to buy shares
Wu Shican	2401 A concert party to an agreement to buy shares
Ke Mingcai	2401 A concert party to an agreement to buy shares
Lin Qingxiong

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