Dongguang Chemical (HKSE:01702) ROCE % : 13.70% (As of Jun. 2024)

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What is Dongguang Chemical 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. Dongguang Chemical's annualized ROCE % for the quarter that ended in Jun. 2024 was 13.70%.

Dongguang Chemical ROCE % Historical Data

The historical data trend for Dongguang Chemical'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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Dongguang Chemical ROCE % Chart

Dongguang Chemical Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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15.79

29.17

16.75

15.47

6.76

Dongguang Chemical Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															7.79	11.99	19.37	13.70	-0.15

Dongguang Chemical ROCE % Calculation

Dongguang Chemical'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 )
	=	295.974	/	( ( (2087.268 - 236.851)	+	(2298.26 - 321.731) )	/ 2 )
	=	295.974	/	( (1850.417	+	1976.529)	/ 2 )
	=	295.974	/	1913.473
	=	15.47 %

Dongguang Chemical'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 )
	=	272.188	/	( ( (2298.26 - 321.731)	+	(2195.719 - 197.35) )	/ 2 )
	=	272.188	/	( ( 1976.529	+	1998.369 )	/ 2 )
	=	272.188	/	1987.449
	=	13.70 %

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

Dongguang Chemical (HKSE:01702) 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.

Dongguang Chemical ROCE % Related Terms

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Dongguang Chemical Business Description

Industry

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Traded in Other Exchanges

N/A

Address

Chengdong Industrial Zone, Dongguang County, Hebei Province, Dongguang, CHN

Website

https://www.dg-chemical.com

Dongguang Chemical Ltd is a coal-based urea producer. It produces and sells urea. It also produces and sells other by-products of urea which includes vehicle urea solution, including methanol, liquid carbon dioxide, and liquefied natural gas (LNG). The group's product and application of urea can be broadly categorized into agricultural and industrial uses. Its products are used in wide industrial applications, such as the production of adhesives, coatings plastics, and cosmetics. The group generates the majority of its revenue from sales of urea by-products.

Executives

Sun Yukun	2202 Interest of your spouse
Timely Moon Limited	2201 Interest of corporation controlled by you
Wang Zhihe	2201 Interest of corporation controlled by you
Sino-coal Chemical Holding Group Limited	2101 Beneficial owner
Bloom Ocean Investments Limited	2101 Beneficial owner
Plenty Sun Limited	2201 Interest of corporation controlled by you
Sun Yi	2201 Interest of corporation controlled by you
Yao Juan	2202 Interest of your spouse

Dongguang Chemical Headlines

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