Duiba Group (HKSE:01753) ROCE % : -1.85% (As of Jun. 2024)

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What is Duiba 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. Duiba Group's annualized ROCE % for the quarter that ended in Jun. 2024 was -1.85%.

Duiba Group ROCE % Historical Data

The historical data trend for Duiba 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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Duiba Group ROCE % Chart

Duiba Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-19.95

-5.46

-0.81

-1.97

3.28

Duiba Group Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial										-9.75	5.59	4.51	2.02	-1.85

Duiba Group ROCE % Calculation

Duiba 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 )
	=	48.252	/	( ( (2020.901 - 559.561)	+	(2342.286 - 857.641) )	/ 2 )
	=	48.252	/	( (1461.34	+	1484.645)	/ 2 )
	=	48.252	/	1472.9925
	=	3.28 %

Duiba 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 )
	=	-27.146	/	( ( (2342.286 - 857.641)	+	(2472.289 - 1026.383) )	/ 2 )
	=	-27.146	/	( ( 1484.645	+	1445.906 )	/ 2 )
	=	-27.146	/	1465.2755
	=	-1.85 %

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

Duiba Group (HKSE:01753) 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.

Duiba Group ROCE % Related Terms

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Duiba Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Duiba Group Ltd (HKSE:01753) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

98 Wenyi West Road, Room 702, Shuyu Building, Xihu District, Hangzhou, CHN

Website

https://www.duiba.cn

Duiba Group Ltd is a user management SaaS provider for online businesses and an internet advertising platform operator in China. The company derives the majority of its revenue from the internet advertising business.

Executives

Chen Xiaoliang	2201 Interest of corporation controlled by you
Antopex Limited
Blissful Plus Enterprises Limited
Cmb Wing Lung (trustee) Limited
Xiaoliang Holding Limited	2101 Beneficial owner
Liu Yang	2201 Interest of corporation controlled by you
Xinran Group Holding Limited	2101 Beneficial owner

Duiba Group Headlines

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