Dialight (LSE:DIA) ROCE % : -5.92% (As of Jun. 2023)

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What is Dialight 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. Dialight's annualized ROCE % for the quarter that ended in Jun. 2023 was -5.92%.

Dialight ROCE % Historical Data

The historical data trend for Dialight'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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Dialight ROCE % Chart

Dialight Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-12.05

-9.94

2.42

2.36

-12.09

Dialight 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															3.02	4.97	-0.20	-5.92	-18.65

Dialight ROCE % Calculation

Dialight'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 )
	=	-11.9	/	( ( (144.4 - 43.4)	+	(125.7 - 29.9) )	/ 2 )
	=	-11.9	/	( (101	+	95.8)	/ 2 )
	=	-11.9	/	98.4
	=	-12.09 %

Dialight'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 )
	=	-5.8	/	( ( (144.4 - 43.4)	+	(130.5 - 35.4) )	/ 2 )
	=	-5.8	/	( ( 101	+	95.1 )	/ 2 )
	=	-5.8	/	98.05
	=	-5.92 %

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

Dialight (LSE:DIA) 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.

Dialight ROCE % Related Terms

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Dialight (LSE:DIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dialight PLC (LSE:DIA) » Definitions » ROCE %

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DIALF:USA DIAl:UK

Address

25 Old Broad Street, Leaf C, Level 36, Tower 42, London, GBR, EC2N 1HQ

Website

https://www.dialight.com

Dialight PLC manufactures and sells light-emitting diode (LED) lighting fixtures for use in hazardous and industrial locations. It provides lighting products to customers in industrial sectors including steel foundries, pulp and paper mills, automotive manufacturers, utility, and wastewater plants, and food and beverage processing plants. In addition, it provides specialist lighting products for hazardous industrial sites, including the oil and gas and mining sectors. Its segments are Lighting, Signals, and Components. The majority of the revenue is derived from the sale of LED lighting solutions and anti-collision obstruction lighting. Geographically it derives the majority of its revenue from North America.