Delorean (ASX:DEL) ROCE % : 2.91% (As of Dec. 2023)

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What is Delorean 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. Delorean's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.91%.

Delorean ROCE % Historical Data

The historical data trend for Delorean'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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Delorean ROCE % Chart

Delorean Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

ROCE %

-26.73

-73.16

-99.18

Delorean Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-38.51	-114.98	-62.38	-78.82	2.91

Delorean ROCE % Calculation

Delorean'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 )
	=	-9.446	/	( ( (24.096 - 9.403)	+	(17.915 - 13.559) )	/ 2 )
	=	-9.446	/	( (14.693	+	4.356)	/ 2 )
	=	-9.446	/	9.5245
	=	-99.18 %

Delorean'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 )
	=	0.198	/	( ( (17.915 - 13.559)	+	(22.36 - 13.108) )	/ 2 )
	=	0.198	/	( ( 4.356	+	9.252 )	/ 2 )
	=	0.198	/	6.804
	=	2.91 %

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

Delorean (ASX:DEL) 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.

Delorean ROCE % Related Terms

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Delorean (ASX:DEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Delorean Corp Ltd (ASX:DEL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1205 Hay Street, Ground Floor, West Perth, Perth, WA, AUS, 6005

Website

https://www.deloreancorporation.com.au

Delorean Corp Ltd operates in the renewable energy industry. The company operates in four segments: Infrastructure - the infrastructure asset investment and development division; Engineering - the construction of site-specific anaerobic digestion plants division; Energy retail - the electricity sale division; Corporate - the corporate division. The majority of the revenue comes from Energy retail sector. Geographically it operates in Australia and New Zealand from which it derives substantial revenue from Australia.