Daphne International Holdings (Daphne International Holdings) ROCE % : 10.96% (As of Jun. 2023)

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What is Daphne International 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. Daphne International Holdings's annualized ROCE % for the quarter that ended in Jun. 2023 was 10.96%.

Daphne International Holdings ROCE % Historical Data

The historical data trend for Daphne International 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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Daphne International Holdings ROCE % Chart

Daphne International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-74.86

-32.06

12.00

6.80

10.32

Daphne International Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															2.30	6.05	7.72	10.96	9.68

Daphne International Holdings ROCE % Calculation

Daphne International Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	6.246	/	( ( (107.379 - 12.392)	+	(110.231 - 21.647) )	/ 2 )
	=	6.246	/	( (94.987	+	88.584)	/ 2 )
	=	6.246	/	91.7855
	=	6.80 %

Daphne International Holdings's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	9.882	/	( ( (110.231 - 21.647)	+	(110.754 - 19.003) )	/ 2 )
	=	9.882	/	( ( 88.584	+	91.751 )	/ 2 )
	=	9.882	/	90.1675
	=	10.96 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Daphne International Holdings (OTCPK:DPNEY) 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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Daphne International Holdings (Daphne International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Daphne International Holdings Ltd (OTCPK:DPNEY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

00210:Hong Kong PSX:Germany

Address

99 Shaohong Road, Unit 601, 6th Floor, Tower 5, The Hub, Minhang District, Shanghai, CHN

Website

http://www.daphneholdings.com

Daphne International Holdings Ltd is an investment holding company. It is principally engaged in the distribution and licensing of footwear and accessories in Mainland China. The group's revenue mainly comprises sales of goods from directly managed and partnership stores and franchisees as well as licensing fee income in Mainland China.

Daphne International Holdings (Daphne International Holdings) Headlines

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