Donaco International (ASX:DNA) ROCE % : 11.67% (As of Dec. 2023)

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What is Donaco International 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. Donaco International's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.67%.

Donaco International ROCE % Historical Data

The historical data trend for Donaco International'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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Donaco International ROCE % Chart

Donaco International Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-58.23

-29.37

21.05

-8.98

-23.07

Donaco International 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															-9.68	-8.28	-49.41	3.36	11.67

Donaco International ROCE % Calculation

Donaco International'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 )
	=	-33.719	/	( ( (199.228 - 36.75)	+	(181.756 - 51.935) )	/ 2 )
	=	-33.719	/	( (162.478	+	129.821)	/ 2 )
	=	-33.719	/	146.1495
	=	-23.07 %

Donaco International'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 )
	=	15.276	/	( ( (181.756 - 51.935)	+	(183.196 - 51.132) )	/ 2 )
	=	15.276	/	( ( 129.821	+	132.064 )	/ 2 )
	=	15.276	/	130.9425
	=	11.67 %

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

Donaco International (ASX:DNA) 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.

Donaco International ROCE % Related Terms

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Donaco International (ASX:DNA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Donaco International Ltd (ASX:DNA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Martin Place, Level 43, Sydney, NSW, AUS, 2000

Website

https://www.donacointernational.com

Donaco International Ltd is engaged in the operation of leisure and entertainment businesses. It is organized into three segments: Casino Operations - Vietnam, Casino Operations - Cambodia, and Corporate Operations. The company generates maximum revenue from the Casino Operations - Vietnam segment. The company operates in Vietnam, Cambodia and Australia.