DGL Group (ASX:DGL) ROCE %

: 5.61% (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. DGL Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.61%.

DGL Group ROCE % Historical Data

The historical data trend for DGL Group'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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DGL Group Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

22.52

13.37

7.93

DGL Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			9.45	15.93	7.69	7.99	5.61

DGL Group ROCE % Calculation

DGL Group'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 )
	=	36.425	/	( ( (508.602 - 89.125)	+	(566.875 - 67.237) )	/ 2 )
	=	36.425	/	( (419.477	+	499.638)	/ 2 )
	=	36.425	/	459.5575
	=	7.93 %

DGL Group'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 )
	=	28.61	/	( ( (566.875 - 67.237)	+	(595.187 - 75.33) )	/ 2 )
	=	28.61	/	( ( 499.638	+	519.857 )	/ 2 )
	=	28.61	/	509.7475
	=	5.61 %

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

DGL Group (ASX:DGL) 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.

DGL Group ROCE % Related Terms

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DGL Group (ASX:DGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » DGL Group Ltd (ASX:DGL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/- DW Accounting and Advisory Pty Ltd, Level 4, 91-97 William Street, Melbourne, VIC, AUS, 3000

Website

https://www.dglgroup.com

DGL Group Ltd is an investment holding company. The company's segment includes Environmental Solutions; Chemical Manufacturing; Warehousing and Distribution and Corporate Costs. It generates maximum revenue from the Chemical Manufacturing segment. The Chemical Manufacturing segment produces its own range of speciality chemicals and undertaken advanced formulation and contract manufacturing on behalf of third parties.

DGL Group (ASX:DGL) ROCE %

DGL Group ROCE % Historical Data

DGL Group ROCE % Calculation

DGL Group ROCE % Related Terms

DGL Group (ASX:DGL) Business Description

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