Dragon Rise Group Holdings (HKSE:06829) ROCE % : 6.59% (As of Sep. 2024)

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What is Dragon Rise Group 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. Dragon Rise Group Holdings's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.59%.

Dragon Rise Group Holdings ROCE % Historical Data

The historical data trend for Dragon Rise Group 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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Dragon Rise Group Holdings ROCE % Chart

Dragon Rise Group Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-6.46

-7.60

1.01

3.55

2.90

Dragon Rise Group Holdings Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial														4.88	2.22	5.51	0.28	6.59

Dragon Rise Group Holdings ROCE % Calculation

Dragon Rise Group Holdings's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	7.794	/	( ( (308.025 - 43.348)	+	(419.18 - 147.033) )	/ 2 )
	=	7.794	/	( (264.677	+	272.147)	/ 2 )
	=	7.794	/	268.412
	=	2.90 %

Dragon Rise Group Holdings's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	18.636	/	( ( (419.18 - 147.033)	+	(384.633 - 91.466) )	/ 2 )
	=	18.636	/	( ( 272.147	+	293.167 )	/ 2 )
	=	18.636	/	282.657
	=	6.59 %

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

Dragon Rise Group Holdings (HKSE:06829) 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.

Dragon Rise Group Holdings ROCE % Related Terms

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Dragon Rise Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Dragon Rise Group Holdings Ltd (HKSE:06829) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Science Museum Road, Unit 09, 28th Floor, North Tower, Concordia Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

http://www.kitkee.com.hk

Dragon Rise Group Holdings Ltd is an investment holding company. It is a subcontractor for foundation engineering services. Geographically, it derives revenue from Hong Kong. The company principally provides excavation and lateral support works, pile cap construction works, and the disposal of excavated materials from piling and ancillary services, including dismantling of shoring, site formation, steel fixing and site clearance, in Hong Kong.

Executives

Fame Circle Limited	2101 Beneficial owner
Yip Lai Ping	2202 Interest of your spouse
Yip Yuk Kit	2201 Interest of corporation controlled by you

Dragon Rise Group Holdings Headlines

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