Dida (HKSE:02559) ROCE % : 0.00% (As of Jun. 2024)

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What is Dida 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. Dida's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.

Dida ROCE % Historical Data

The historical data trend for Dida'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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Dida ROCE % Chart

Dida Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

Dida Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
ROCE %	-	-	-	-	-

Dida ROCE % Calculation

Dida'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 )
	=	350.596	/	( ( (1409.066 - 5563.026)	+	(1720.907 - 5338.682) )	/ 2 )
	=	350.596	/	( (-4153.96	+	-3617.775)	/ 2 )
	=	350.596	/	-3885.8675
	=	-9.02 %

Dida'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 )
	=	2063.814	/	( ( (1720.907 - 5338.682)	+	(2050.236 - 703.602) )	/ 2 )
	=	2063.814	/	( ( -3617.775	+	1346.634 )	/ 2 )
	=	2063.814	/	-1135.5705
	=	0 %

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

Dida (HKSE:02559) 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.

Dida ROCE % Related Terms

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Dida Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Dida Inc (HKSE:02559) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chuangyuan Road, 5th floor, Building 14, Chaolai Science Park, No. 36 Courtyard, Chaoyang District, Beijing, CHN

Website

https://www.didachuxing.com

Dida Inc is a technology-driven platform in China offering carpooling marketplace and smart taxi services, aiming to create more transit capacity with less environmental impact. The company operates under 3 segments: Provision of carpooling marketplace services, Provision of taxi related services and Provision of advertising and related services. Key revenue is generated from Provision of carpooling marketplace services.

Executives

Wei Ran Nan Jing Dong Li Ke Ji You Xian Gong Si	2201 Interest of corporation controlled by you
Ning Bo Bao Shui Qu Wei Xu Qi Ye Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
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Dida Headlines

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