DIDIY (DiDi Global) ROCE % : 6.36% (As of Jun. 2024)

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What is DiDi Global 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. DiDi Global's annualized ROCE % for the quarter that ended in Jun. 2024 was 6.36%.

DiDi Global ROCE % Historical Data

The historical data trend for DiDi Global'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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DiDi Global ROCE % Chart

DiDi Global Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-7.61

-8.89

-39.69

-18.74

0.65

DiDi Global Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial													-3.02	0.11	4.05	-3.34	6.36

DiDi Global ROCE % Calculation

DiDi Global'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 )
	=	103.693	/	( ( (18820.843 - 2904.381)	+	(20143.202 - 3997.754) )	/ 2 )
	=	103.693	/	( (15916.462	+	16145.448)	/ 2 )
	=	103.693	/	16030.955
	=	0.65 %

DiDi Global's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	999.628	/	( ( (19759.217 - 3933.486)	+	(19611.838 - 3993.273) )	/ 2 )
	=	999.628	/	( ( 15825.731	+	15618.565 )	/ 2 )
	=	999.628	/	15722.148
	=	6.36 %

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

DiDi Global (OTCPK:DIDIY) 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.

DiDi Global ROCE % Related Terms

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DiDi Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » DiDi Global Inc (OTCPK:DIDIY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

92S:Germany

Address

North Ring Road, Tangjialing, Building 1, Yard 6, Haidian District, Beijing, CHN

Website

https://www.didiglobal.com

DiDi Global Inc is a mobility technology platform that provides a range of mobility services as well as other services. It is building four key components of its platform that work together to improve the consumer experience: shared mobility; energy and vehicle services; electric mobility; and autonomous driving. It is a go-to brand in China for shared mobility, providing consumers with a range of safe, affordable, and convenient mobility services, including ride-hailing, taxi-hailing, chauffeur, hitch, and other forms of shared mobility. The company operates in three segments: China Mobility, which mainly includes ride-hailing services to riders, and also acts as an agent by connecting end-users to service providers who provide taxi hailing; International; and Other Initiatives.