Downer EDI (Downer EDI) ROCE % : 5.64% (As of Dec. 2023)

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What is Downer EDI 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. Downer EDI's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.64%.

Downer EDI ROCE % Historical Data

The historical data trend for Downer EDI'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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Downer EDI ROCE % Chart

Downer EDI Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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9.08

-1.16

6.40

6.13

-5.72

Downer EDI 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															6.64	6.02	5.09	-17.12	5.64

Downer EDI ROCE % Calculation

Downer EDI'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 )
	=	-180.268	/	( ( (5243.148 - 1918.552)	+	(4908.926 - 1927.919) )	/ 2 )
	=	-180.268	/	( (3324.596	+	2981.007)	/ 2 )
	=	-180.268	/	3152.8015
	=	-5.72 %

Downer EDI'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 )
	=	160.776	/	( ( (4908.926 - 1927.919)	+	(4406.961 - 1686.078) )	/ 2 )
	=	160.776	/	( ( 2981.007	+	2720.883 )	/ 2 )
	=	160.776	/	2850.945
	=	5.64 %

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

Downer EDI (OTCPK:DNERF) 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.

Downer EDI ROCE % Related Terms

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Downer EDI (Downer EDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Downer EDI Ltd (OTCPK:DNERF) » Definitions » ROCE %

Comparable Companies

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DNE:Germany DOW:Australia

Address

39 Delhi Road, Level 2, Triniti III, Triniti Business Campus, North Ryde, NSW, AUS, 2113

Website

https://www.downergroup.com

Downer operates engineering, construction, and maintenance; transport; technology and communications; utilities; and rail units. The future of Downer is focused on urban services, and mining and high-risk construction businesses have been sold. The engineering, construction, and maintenance business had exposure to mining and energy projects through consulting services. The mining division had provided contracted mining services. The rail division services and maintains passenger rolling stock, including locomotives and wagons.

Downer EDI (Downer EDI) Headlines

From GuruFocus

Half Year 2024 Downer EDI Ltd Earnings Presentation Transcript

By GuruFocus Research • 02-14-2024