Dowway Holdings (HKSE:08403) ROCE % : -243.47% (As of Dec. 2023)

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What is Dowway 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. Dowway Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -243.47%.

Dowway Holdings ROCE % Historical Data

The historical data trend for Dowway 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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Dowway Holdings ROCE % Chart

Dowway Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.33

-25.85

-12.27

-82.00

-106.24

Dowway Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-272.46	-72.42	-94.61	-102.57	-243.47

Dowway Holdings ROCE % Calculation

Dowway 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 )
	=	-18.987	/	( ( (153.069 - 123.375)	+	(119.141 - 113.091) )	/ 2 )
	=	-18.987	/	( (29.694	+	6.05)	/ 2 )
	=	-18.987	/	17.872
	=	-106.24 %

Dowway 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-21.548	/	( ( (119.841 - 108.19)	+	(119.141 - 113.091) )	/ 2 )
	=	-21.548	/	( ( 11.651	+	6.05 )	/ 2 )
	=	-21.548	/	8.8505
	=	-243.47 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Dowway Holdings (HKSE:08403) 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.

Dowway Holdings ROCE % Related Terms

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Dowway Holdings (HKSE:08403) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Dowway Holdings Ltd (HKSE:08403) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.12 Dongdaqiao Road, Room No. 501-509, 5th Floor, Run Cheng Centre, Chaoyang District, Beijing, CHN, 100020

Website

http://www.dowway-exh.com

Dowway Holdings Ltd is an integrated exhibition and event management services provider. The company engages in the design, planning, coordination, and management of exhibitions and events in the PRC. Its events and exhibitions include showcases, promotions, and sales of branded automobiles by internationally renowned automobile companies. It has two operating segments that include the Exhibition and event-related business, and the Advertising related business. The majority of the revenue is generated from Exhibition and event-related business segments.

Executives

A&b Development Holding Limited	2101 Beneficial owner
Huang Xiaodi	2101 Beneficial owner
Lin Yuting	2202 Interest of your spouse
Wing Ka Yuen Company Limited	2101 Beneficial owner
Dong Kejia	2101 Beneficial owner

Dowway Holdings (HKSE:08403) Headlines

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