Duroc AB (FRA:DRC) ROCE % : 7.07% (As of Mar. 2024)

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What is Duroc AB 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. Duroc AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.07%.

Duroc AB ROCE % Historical Data

The historical data trend for Duroc AB'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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Duroc AB ROCE % Chart

Duroc AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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8.22

12.19

6.20

5.47

-13.39

Duroc AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															9.32	-53.43	-1.63	0.43	7.07

Duroc AB ROCE % Calculation

Duroc AB'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 )
	=	-17.262	/	( ( (224.073 - 78.499)	+	(161.106 - 48.905) )	/ 2 )
	=	-17.262	/	( (145.574	+	112.201)	/ 2 )
	=	-17.262	/	128.8875
	=	-13.39 %

Duroc AB's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	7.884	/	( ( (152.261 - 45.28)	+	(162.398 - 46.498) )	/ 2 )
	=	7.884	/	( ( 106.981	+	115.9 )	/ 2 )
	=	7.884	/	111.4405
	=	7.07 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Duroc AB (FRA:DRC) 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.

Duroc AB ROCE % Related Terms

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Duroc AB (FRA:DRC) Business Description

Industry

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Traded in Other Exchanges

DURC B:Sweden

Address

Reprovagen 15, Box 340, Taby, Stockholm, SWE, 183 13

Website

http://www.duroc.com

Duroc AB along with its holdings is engaged in manufacturing products for industrial customers based on material and surface refinement technology. Its business is divided into Industrial Trade, Fibre and Other industry. The Fibre business area is a producer of polypropylene-based fibres and yarns with customers mainly in the automotive, construction, furniture and filter industry. The Industrial Trade business area consists of Duroc Machine Tool and Universal Power Nordic. Whereas the other industry business area consists of Duroc Rail and Duroc Laser Coating.

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