Dynamic Group Holdings (ASX:DDB) ROCE % : 2.73% (As of Dec. 2023)

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What is Dynamic Group 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. Dynamic Group Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.73%.

Dynamic Group Holdings ROCE % Historical Data

The historical data trend for Dynamic Group 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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Dynamic Group Holdings ROCE % Chart

Dynamic Group Holdings Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

14.92

11.71

2.82

Dynamic Group Holdings Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			19.90	3.76	-8.44	12.15	2.73

Dynamic Group Holdings ROCE % Calculation

Dynamic Group Holdings'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 )
	=	1.854	/	( ( (80.05 - 25.483)	+	(105.908 - 28.883) )	/ 2 )
	=	1.854	/	( (54.567	+	77.025)	/ 2 )
	=	1.854	/	65.796
	=	2.82 %

Dynamic Group Holdings'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 )
	=	2.038	/	( ( (105.908 - 28.883)	+	(93.019 - 20.476) )	/ 2 )
	=	2.038	/	( ( 77.025	+	72.543 )	/ 2 )
	=	2.038	/	74.784
	=	2.73 %

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

Dynamic Group Holdings (ASX:DDB) 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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Dynamic Group Holdings (ASX:DDB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Dynamic Group Holdings Ltd (ASX:DDB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

76 Hasler Road, Level 2, Osborne Park, WA, AUS, 6017

Website

https://www.dynamicdrillandblast.com.au

Dynamic Group Holdings Ltd, formerly Dynamic Drill and Blast Holdings Ltd is engaged in providing drill and blast services. The firm generates its revenue from mine production drilling and blasting for resource extraction and construction project drilling and blasting for mine development purposes through the supply of labor, drilling equipment, and services and explosives equipment and services.

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