Duxton Water (ASX:D2O) ROCE %

: 5.30% (As of Dec. 2023)

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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. Duxton Water's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.30%.

Duxton Water ROCE % Historical Data

The historical data trend for Duxton Water'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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Duxton Water Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

6.43

6.85

4.71

5.07

5.34

Duxton Water Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %										6.86	2.34	7.67	5.72	5.30

Duxton Water ROCE % Calculation

Duxton Water'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 )
	=	15.458	/	( ( (276.65 - 6.786)	+	(324.643 - 15.554) )	/ 2 )
	=	15.458	/	( (269.864	+	309.089)	/ 2 )
	=	15.458	/	289.4765
	=	5.34 %

Duxton Water'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 )
	=	15.41	/	( ( (314.893 - 42.856)	+	(324.643 - 15.554) )	/ 2 )
	=	15.41	/	( ( 272.037	+	309.089 )	/ 2 )
	=	15.41	/	290.563
	=	5.30 %

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

Duxton Water (ASX:D2O) 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.

Duxton Water ROCE % Related Terms

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Duxton Water (ASX:D2O) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Duxton Water Ltd (ASX:D2O) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Pomona Road, Duxton House, Stirling, SA, AUS, 5152

Website

https://www.duxtonwater.com.au

Duxton Water Ltd invests in Australian Water Entitlements. It owns and manages a portfolio of water assets and provided irrigators a range of water supply solutions. The company is engaged in water supply licenses, leases, buying and selling, and other related services. Its operating segment includes Permanent Water; Temporary Water; and Unallocated, of which key revenue is derived from the Permanent Water segment.

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