Differ Group Auto (HKSE:06878) ROCE % : -0.27% (As of Jun. 2023)

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What is Differ Group Auto 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. Differ Group Auto's annualized ROCE % for the quarter that ended in Jun. 2023 was -0.27%.

Differ Group Auto ROCE % Historical Data

The historical data trend for Differ Group Auto'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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Differ Group Auto ROCE % Chart

Differ Group Auto Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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13.23

14.74

16.98

18.56

-3.77

Differ Group Auto Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															5.42	31.96	6.27	-14.22	-0.27

Differ Group Auto ROCE % Calculation

Differ Group Auto'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 )
	=	-143.164	/	( ( (10187.381 - 6023.977)	+	(9843.647 - 6421.442) )	/ 2 )
	=	-143.164	/	( (4163.404	+	3422.205)	/ 2 )
	=	-143.164	/	3792.8045
	=	-3.77 %

Differ Group Auto'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 )
	=	-9.074	/	( ( (9843.647 - 6421.442)	+	(9718.47 - 6501.016) )	/ 2 )
	=	-9.074	/	( ( 3422.205	+	3217.454 )	/ 2 )
	=	-9.074	/	3319.8295
	=	-0.27 %

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

Differ Group Auto (HKSE:06878) 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.

Differ Group Auto ROCE % Related Terms

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Differ Group Auto (HKSE:06878) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Differ Group Auto Ltd (HKSE:06878) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 503 Gaolin Middle Road, 33th Floor, Differ Fortune Centre, Huli District, Fujian Province, Xiamen, CHN

Website

http://www.dfh.cn

Differ Group Auto Ltd, formerly Differ Group Holding Co Ltd provides finance leases to corporate customers, which are mainly small and medium enterprises, incorporated and operating in Mainland China. The reportable segments of the Group are, Financial services segment includes the provision of guarantee services, express loan services, consultancy services, finance lease services, financial securities services, and assets management in the PRC and Hong Kong; Property development and investment segment includes property development projects and property investment activities in the PRC; Trading of commodities segment includes trading of commodities in the PRC; and Automobile e-commerce includes online e-commerce platform in the automobile industry in the PRC.

Executives

Expert Corporate Limited
Hong Mingxian
Shi Hongjiao
Tianjin Binhai Rural Commercial Bank Corporation	2106 Person having a security interest in shares
Ng Chi Chung	2201 Interest of corporation controlled by you
Ting Pui Shan	2202 Interest of your spouse
Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Ever Ultimate Limited	2101 Beneficial owner
Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you

Differ Group Auto (HKSE:06878) Headlines

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