Dingli (SZSE:300050) ROCE % : -0.51% (As of Mar. 2024)

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What is Dingli 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. Dingli's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.51%.

Dingli ROCE % Historical Data

The historical data trend for Dingli'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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Dingli ROCE % Chart

Dingli Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-17.42

2.09

-78.45

-40.00

-34.24

Dingli 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															-6.85	4.03	-4.13	-132.50	-0.51

Dingli ROCE % Calculation

Dingli'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 )
	=	-211.61	/	( ( (1058.836 - 346.326)	+	(804.358 - 280.8) )	/ 2 )
	=	-211.61	/	( (712.51	+	523.558)	/ 2 )
	=	-211.61	/	618.034
	=	-34.24 %

Dingli'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 )
	=	-2.7	/	( ( (804.358 - 280.8)	+	(719.531 - 184.374) )	/ 2 )
	=	-2.7	/	( ( 523.558	+	535.157 )	/ 2 )
	=	-2.7	/	529.3575
	=	-0.51 %

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

Dingli (SZSE:300050) 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.

Dingli ROCE % Related Terms

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Dingli (SZSE:300050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Dingli Corp Ltd (SZSE:300050) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 8, Science and Technology Road 5, 1st Floor, Gangwan Avenue, Guangdong Province, Zhuhai, CHN, 519085

Website

http://www.dinglicom.com

Dingli Corp Ltd is a China-based company engaged in providing wireless network optimization, testing, and planning services in China. It also produces equipment for communications carriers. The company has a business presence in China and other international countries. It offers pilot pioneer drive test solution, handheld test solution, autonomous platform products, and others.

Executives

Ren Huan Xuan	Supervisors
Wang Yun	Directors, executives
Wang Li Ping	Director
Ye Bin	Director
Zhang Ying Hai	Independent director
Chen Hong	Executives
Yu Da Fa	Directors, executives
Xu Ze Quan	Executives
Cao Ji Dong	Directors, executives
Liu Yu Song	Supervisors
Ye Ming	Directors, executives
Cao Xue Shan	Executives
Chen Yong	Executives
Zhu Wang Geng	Executives

Dingli (SZSE:300050) Headlines

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