Nine Dragons Paper (Holdings) (Nine Dragons Paper (Holdings)) ROCE %

: 2.61% (As of Dec. 2023)

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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. Nine Dragons Paper (Holdings)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 2.61%.

Nine Dragons Paper (Holdings) ROCE % Historical Data

The historical data trend for Nine Dragons Paper (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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Nine Dragons Paper (Holdings) Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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9.95

9.76

14.52

5.18

-1.72

Nine Dragons Paper (Holdings) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															9.48	2.24	-1.96	-1.63	2.61

Nine Dragons Paper (Holdings) ROCE % Calculation

Nine Dragons Paper (Holdings)'s annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-224.718	/	( ( (15993.671 - 2717.092)	+	(16847.405 - 3919.761) )	/ 2 )
	=	-224.718	/	( (13276.579	+	12927.644)	/ 2 )
	=	-224.718	/	13102.1115
	=	-1.72 %

Nine Dragons Paper (Holdings)'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	348.35	/	( ( (16847.405 - 3919.761)	+	(18054.439 - 4264.269) )	/ 2 )
	=	348.35	/	( ( 12927.644	+	13790.17 )	/ 2 )
	=	348.35	/	13358.907
	=	2.61 %

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

Nine Dragons Paper (Holdings) (OTCPK:NDGPY) 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.

Nine Dragons Paper (Holdings) ROCE % Related Terms

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Nine Dragons Paper (Holdings) (Nine Dragons Paper (Holdings)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Nine Dragons Paper (Holdings) Ltd (OTCPK:NDGPY) » Definitions » ROCE %

Traded in Other Exchanges

NDGPF:USA 02689:Hong Kong N3Y:Germany

Address

No.12, Xincheng Road, Songshan Lake High-Tech Industrial Development Zone, Guangdong Province, Dongguan, CHN

Website

http://www.ndpaper.com

Nine Dragons Paper (Holdings) Ltd operates as a paper products manufacturer. The company predominantly produces liner board, corrugating medium, and coated duplex boards. In addition to packaging paperboard, the Group is also engaged in the production of printing and writing a paper in Dongguan and Taicang and the development of packaging paperboard and specialty paper production in Leshan, Sichuan Province. Substantial part of the company's revenues are generated from the sale of packaging paper and the rest from sales of printing and writing paper, high-value specialty paper products, and Pulp.

Nine Dragons Paper (Holdings) (Nine Dragons Paper (Holdings)) Headlines

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