Dalipal Holdings (HKSE:01921) ROCE % : 11.93% (As of Dec. 2023)

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What is Dalipal Holdings 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. Dalipal Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.93%.

Dalipal Holdings ROCE % Historical Data

The historical data trend for Dalipal 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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Dalipal Holdings ROCE % Chart

Dalipal Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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27.13

-2.72

10.76

12.15

10.76

Dalipal Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial									14.70	8.09	16.43	9.48	11.93

Dalipal Holdings ROCE % Calculation

Dalipal Holdings'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 )
	=	254.799	/	( ( (4674.992 - 2220.128)	+	(4517.739 - 2238.439) )	/ 2 )
	=	254.799	/	( (2454.864	+	2279.3)	/ 2 )
	=	254.799	/	2367.082
	=	10.76 %

Dalipal 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 )
	=	279.278	/	( ( (4639.598 - 2235.412)	+	(4517.739 - 2238.439) )	/ 2 )
	=	279.278	/	( ( 2404.186	+	2279.3 )	/ 2 )
	=	279.278	/	2341.743
	=	11.93 %

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

Dalipal Holdings (HKSE:01921) 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.

Dalipal Holdings ROCE % Related Terms

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Dalipal Holdings (HKSE:01921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Dalipal Holdings Ltd (HKSE:01921) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nanshugang Road, No.1 Zhuangbei District, Bohai New District, Hebei Province, Cangzhou, CHN

Website

http://www.dalipal.com

Dalipal Holdings Ltd is engaged in the development, manufacture and sale of oil and gas pipes, new energy pipes and special seamless steel pipes and and other products. The company generates the majority of the revenue from the Sales of oil and gas pipes. The company operates in China and overseas, out of which China accounts for the majority of the revenue.

Executives

Luo Yumei	2202 Interest of your spouse
Meng Fanyong	2101 Beneficial owner
Sheng Xing You Xian Gong Si	2101 Beneficial owner
Xing Jie You Xian Gong Si	2101 Beneficial owner

Dalipal Holdings (HKSE:01921) Headlines

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