Duolun Technology (SHSE:603528) ROCE % : 0.52% (As of Mar. 2024)

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What is Duolun Technology 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. Duolun Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.52%.

Duolun Technology ROCE % Historical Data

The historical data trend for Duolun Technology'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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Duolun Technology ROCE % Chart

Duolun Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.65

4.79

-5.64

3.85

-8.99

Duolun Technology Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															1.47	3.57	-1.63	-39.61	0.52

Duolun Technology ROCE % Calculation

Duolun Technology'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 )
	=	-206.697	/	( ( (2957.734 - 516.807)	+	(2583.703 - 424.933) )	/ 2 )
	=	-206.697	/	( (2440.927	+	2158.77)	/ 2 )
	=	-206.697	/	2299.8485
	=	-8.99 %

Duolun Technology's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	11.132	/	( ( (2583.703 - 424.933)	+	(2527.788 - 382.441) )	/ 2 )
	=	11.132	/	( ( 2158.77	+	2145.347 )	/ 2 )
	=	11.132	/	2152.0585
	=	0.52 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Duolun Technology (SHSE:603528) 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.

Duolun Technology ROCE % Related Terms

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Duolun Technology (SHSE:603528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Duolun Technology Corp Ltd (SHSE:603528) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1555 Tianyin Avenue, Jiangning District, Nanjing, CHN, 211112

Website

http://www.doron.com.cn

Duolun Technology Corp Ltd develops motor vehicle driving training and examination system, vehicle driving simulation training systems, intelligent traffic management application platform, traffic signal control systems and electronic police systems.

Executives

Li Yi	Directors, senior managers
Zhang Tie Min	Directors, senior managers
Zhang Tao	Supervisors
Li Xiao Lin	Supervisors
Song Zhi	Director
Su Feng	Director
Qian Sheng Shan	Directors, senior managers
Li Song	senior management
Li Qian Mu	Director
Zhang Qiu Nan	Director
Lin Chun Hua	senior management

Duolun Technology (SHSE:603528) Headlines

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