Dongyue Group (STU:4D3) ROCE % : 7.79% (As of Jun. 2024)

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What is Dongyue Group 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. Dongyue Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 7.79%.

Dongyue Group ROCE % Historical Data

The historical data trend for Dongyue Group'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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Dongyue Group ROCE % Chart

Dongyue Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.48

10.03

24.95

28.67

3.49

Dongyue Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															28.54	29.35	3.09	4.20	7.79

Dongyue Group ROCE % Calculation

Dongyue Group'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 )
	=	84.098	/	( ( (3337.039 - 754.604)	+	(2818.828 - 585.604) )	/ 2 )
	=	84.098	/	( (2582.435	+	2233.224)	/ 2 )
	=	84.098	/	2407.8295
	=	3.49 %

Dongyue Group'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 )
	=	172.884	/	( ( (2818.828 - 585.604)	+	(2662.517 - 457.377) )	/ 2 )
	=	172.884	/	( ( 2233.224	+	2205.14 )	/ 2 )
	=	172.884	/	2219.182
	=	7.79 %

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

Dongyue Group (STU:4D3) 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.

Dongyue Group ROCE % Related Terms

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Dongyue Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Dongyue Group Ltd (STU:4D3) » Definitions » ROCE %

Traded in Other Exchanges

00189:Hong Kong 4D3:Germany

Address

Dongyue International Fluoro, Silicone Material Industry Park, Shandong Province, Zibo City, CHN, 256401

Website

https://www.dongyuechem.com

Dongyue Group Ltd is an investment holding company engaged in five operating segments; Polymers, Refrigerants, Organic silicon, Dichloromethane, PVC, and liquid alkali, and Other operations include manufacturing and sales of side- products of the refrigerants segment, polymers segment, Organic silicon segment, dichloromethane, PVC and liquid alkali segment, property development, and rental income. The company operates geographically in China and Asia including India, Japan, South Korea, Singapore, Thailand, Pakistan, and other countries. it derives a majority of its revenue from the People's Republic of China.

Dongyue Group Headlines

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