De La Rue (LSE:DLAR) ROCE % : -6.83% (As of Sep. 2023)

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What is De La Rue 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. De La Rue's annualized ROCE % for the quarter that ended in Sep. 2023 was -6.83%.

De La Rue ROCE % Historical Data

The historical data trend for De La Rue'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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De La Rue ROCE % Chart

De La Rue Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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49.54

49.30

10.00

12.40

-7.58

De La Rue Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															12.83	13.51	-8.82	-6.09	-6.83

De La Rue ROCE % Calculation

De La Rue's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-18.7	/	( ( (378.5 - 107.3)	+	(348.6 - 126.2) )	/ 2 )
	=	-18.7	/	( (271.2	+	222.4)	/ 2 )
	=	-18.7	/	246.8
	=	-7.58 %

De La Rue's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-14.2	/	( ( (348.6 - 126.2)	+	(292 - 98.8) )	/ 2 )
	=	-14.2	/	( ( 222.4	+	193.2 )	/ 2 )
	=	-14.2	/	207.8
	=	-6.83 %

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

De La Rue (LSE:DLAR) 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.

De La Rue ROCE % Related Terms

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De La Rue (LSE:DLAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » De La Rue PLC (LSE:DLAR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DLUEY:USA DELRF:USA DLARl:UK DL1C:Germany

Address

De La Rue House, Jays Close, Viables, Basingstoke, Hampshire, GBR, RG22 4BS

Website

https://www.delarue.com

De La Rue PLC offers security products, software solutions, and specialist services that underpin the integrity of trade, personal identity, and the movement of goods. Its segments include: Currency provides printed banknotes, polymer substrates, and banknote security components; Identity Solutions involve the provision of passport, e-Passport, national ID and e-ID, driving license and voter registration schemes; and Product Authentication and Traceability produces security documents, including authentication labels, brand licensing products, government documents, cheques, and postage stamps. It operates in the Middle East, Africa, Asia, the United Kingdom, the United States of America, and the Rest of the world and derives maximum revenue from the currency segment.

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