Dalian Dalicap Technology Co (SZSE:301566) ROCE % : 10.22% (As of Sep. 2024)

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What is Dalian Dalicap Technology Co 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. Dalian Dalicap Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.22%.

Dalian Dalicap Technology Co ROCE % Historical Data

The historical data trend for Dalian Dalicap Technology Co'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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Dalian Dalicap Technology Co ROCE % Chart

Dalian Dalicap Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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26.47

17.90

22.85

27.13

13.43

Dalian Dalicap Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial											8.06	10.72	10.01	9.79	10.22

Dalian Dalicap Technology Co ROCE % Calculation

Dalian Dalicap Technology Co'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 )
	=	149.624	/	( ( (980.867 - 112.788)	+	(1494.08 - 133.409) )	/ 2 )
	=	149.624	/	( (868.079	+	1360.671)	/ 2 )
	=	149.624	/	1114.375
	=	13.43 %

Dalian Dalicap Technology Co'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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	138.972	/	( ( (1383.781 - 37.882)	+	(1409.536 - 35.014) )	/ 2 )
	=	138.972	/	( ( 1345.899	+	1374.522 )	/ 2 )
	=	138.972	/	1360.2105
	=	10.22 %

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

Dalian Dalicap Technology Co (SZSE:301566) 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.

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Dalian Dalicap Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Dalian Dalicap Technology Co Ltd (SZSE:301566) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

inyue Street, Dongjiagou Street, No. 21, Jinzhou District, Liaoning Province, Dalian City, CHN, 116630

Website

https://www.dalicap.com.cn

Dalian Dalicap Technology Co Ltd is engaged in research & development, manufacturing and sales of radio frequency microwave ceramic capacitors. Its products include RF/Microwave MLCC, especially in the fields of MRI, telecom infrastructure, RF power supply for semiconductor equipment, broadcasting, laser, testing and analyzing instruments etc.

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