DeTai New Energy Group (HKSE:00559) ROCE % : -20.00% (As of Dec. 2023)

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What is DeTai New Energy 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. DeTai New Energy Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -20.00%.

DeTai New Energy Group ROCE % Historical Data

The historical data trend for DeTai New Energy 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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DeTai New Energy Group ROCE % Chart

DeTai New Energy Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-13.65

-15.21

-4.95

-18.08

-11.67

DeTai New Energy Group 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															-17.53	-18.23	-14.95	-8.04	-20.00

DeTai New Energy Group ROCE % Calculation

DeTai New Energy Group's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-70.962	/	( ( (718.848 - 66.326)	+	(620.591 - 56.64) )	/ 2 )
	=	-70.962	/	( (652.522	+	563.951)	/ 2 )
	=	-70.962	/	608.2365
	=	-11.67 %

DeTai New Energy Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-108.082	/	( ( (620.591 - 56.64)	+	(558.383 - 41.624) )	/ 2 )
	=	-108.082	/	( ( 563.951	+	516.759 )	/ 2 )
	=	-108.082	/	540.355
	=	-20.00 %

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

DeTai New Energy Group (HKSE:00559) 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.

DeTai New Energy Group ROCE % Related Terms

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DeTai New Energy Group (HKSE:00559) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » DeTai New Energy Group Ltd (HKSE:00559) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

110–116 Queen’s Road Central, Room 905, 9th Floor, Wings Building, Wan Chai, Hong Kong, HKG

Website

https://www.detai-group.com

DeTai New Energy Group Ltd is an investment holding company. The company's operating segment includes the Hotel hospitality business; Money lending services; trading and distribution of liquor and win; and investments in listed securities and funds. It generates maximum revenue from the Hotel hospitality business segment. Geographically, it derives a majority of its revenue from Japan and also has a presence in Hong Kong; and China.

Executives

Tong Liang

2101 Beneficial owner

DeTai New Energy Group (HKSE:00559) Headlines

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