Doriemus (ASX:DOR) ROCE % : -20.16% (As of Jun. 2023)

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What is Doriemus 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. Doriemus's annualized ROCE % for the quarter that ended in Jun. 2023 was -20.16%.

Doriemus ROCE % Historical Data

The historical data trend for Doriemus'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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Doriemus ROCE % Chart

Doriemus Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-58.53

-24.22

-67.89

-33.03

-28.03

Doriemus Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								-117.83	-20.18	-46.96	-20.16	-35.55

Doriemus ROCE % Calculation

Doriemus's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-0.66	/	( ( (2.689 - 0.068)	+	(2.241 - 0.153) )	/ 2 )
	=	-0.66	/	( (2.621	+	2.088)	/ 2 )
	=	-0.66	/	2.3545
	=	-28.03 %

Doriemus'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 )
	=	-0.512	/	( ( (2.689 - 0.068)	+	(2.566 - 0.108) )	/ 2 )
	=	-0.512	/	( ( 2.621	+	2.458 )	/ 2 )
	=	-0.512	/	2.5395
	=	-20.16 %

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

Doriemus (ASX:DOR) 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.

Doriemus ROCE % Related Terms

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Doriemus (ASX:DOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Doriemus PLC (ASX:DOR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Hill Dickinson LLP, 20 Primrose Street, The Broadgate Tower, London, GBR, EC2A 2EW

Website

https://www.doriemus.co.uk

Doriemus PLC is a United Kingdom-based oil and gas company. The principal activity of the company is investing in and acquire companies and projects with clear growth potential, focusing on businesses that are available at attractive valuations and hold opportunities to unlock imbedded value, mainly focusing on mining, and oil and gas sectors. It is focused on the Weald Basin in Southern England, with interests in the Horse Hill licence as well as two producing licences in Brockham and Lidsey. The company generates revenue in the United Kingdom from oil and gas production under its farm in agreements, United Kingdom.

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