Daido Group (HKSE:00544) ROCE % : -89.19% (As of Jun. 2024)

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What is Daido 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. Daido Group's annualized ROCE % for the quarter that ended in Jun. 2024 was -89.19%.

Daido Group ROCE % Historical Data

The historical data trend for Daido 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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Daido Group ROCE % Chart

Daido Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-12.12

-5.94

-25.29

10.70

27.95

Daido Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															10.12	12.18	57.35	-5.06	-89.19

Daido Group ROCE % Calculation

Daido Group'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 )
	=	25.363	/	( ( (265.206 - 140.508)	+	(252.538 - 195.735) )	/ 2 )
	=	25.363	/	( (124.698	+	56.803)	/ 2 )
	=	25.363	/	90.7505
	=	27.95 %

Daido Group'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: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-25.992	/	( ( (252.538 - 195.735)	+	(236.873 - 235.393) )	/ 2 )
	=	-25.992	/	( ( 56.803	+	1.48 )	/ 2 )
	=	-25.992	/	29.1415
	=	-89.19 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Daido Group (HKSE:00544) 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.

Daido Group ROCE % Related Terms

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Daido Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Daido Group Ltd (HKSE:00544) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 51 Kwai Cheong Road, Unit No. 1301, Level 13, Tower 1, Kowloon Commerce Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.daidohk.com

Daido Group Ltd is an investment holding company engaged in cold storage and related services business, trading and sales of food and beverage business, and investment holding. It has two segments Cold storage and related services in Hong Kong; and Trading and sales of food and beverage in the PRC and Hong Kong. It generates the majority of its revenue from the Cold storage and Related Services segment. The company generates the majority of its revenue from Hong Kong.

Executives

Fung Pak Kei	2101 Beneficial owner
Ho Hon Chung, Ivan	2101 Beneficial owner
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Ever Achieve Enterprises Limited	2101 Beneficial owner
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Kong William Waileung	2201 Interest of corporation controlled by you

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