Dirui Industrial Co (SZSE:300396) ROCE % : 26.59% (As of Mar. 2024)

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What is Dirui Industrial 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. Dirui Industrial Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 26.59%.

Dirui Industrial Co ROCE % Historical Data

The historical data trend for Dirui Industrial 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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Dirui Industrial Co ROCE % Chart

Dirui Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.28

18.15

12.92

15.06

14.84

Dirui Industrial 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															16.96	18.37	15.03	8.07	26.59

Dirui Industrial Co ROCE % Calculation

Dirui Industrial 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 )
	=	304.991	/	( ( (2927.133 - 906.77)	+	(3320.764 - 1231.844) )	/ 2 )
	=	304.991	/	( (2020.363	+	2088.92)	/ 2 )
	=	304.991	/	2054.6415
	=	14.84 %

Dirui Industrial Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	571.524	/	( ( (3320.764 - 1231.844)	+	(3250.812 - 1040.965) )	/ 2 )
	=	571.524	/	( ( 2088.92	+	2209.847 )	/ 2 )
	=	571.524	/	2149.3835
	=	26.59 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Dirui Industrial Co (SZSE:300396) 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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Dirui Industrial Co (SZSE:300396) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Dirui Industrial Co Ltd (SZSE:300396) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

3333 Yiju Street, New&High Tech. Development Zone, Jilin, Changchun, CHN, 130103

Website

http://www.dirui.com.cn

Dirui Industrial Co Ltd is a supplier of laboratory solutions. It is engaged in research and development, manufacturing, and sales of diagnostic products including laboratory equipment and clinical diagnostic reagents. Dirui's collective product portfolio represents complete laboratory solutions for the in-vitro diagnostic areas of hematology, clinical chemistry, and urinalysis. The company offers chemistry, hematology, urine, and vaginal infection analyzers. It also provides reagents and consumables, such as chemical reagents and detergents, chemistry quality controls/calibrators, ISE reagents, hematology analyzer reagents, urine sediment analyzer reagents, urinalysis controls and strips, and automatic urine analyzer detergents.

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