Domino's Pizza Enterprises (ASX:DMP) ROCE % : 9.41% (As of Dec. 2023)

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What is Domino's Pizza Enterprises 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. Domino's Pizza Enterprises's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.41%.

Domino's Pizza Enterprises ROCE % Historical Data

The historical data trend for Domino's Pizza Enterprises'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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Domino's Pizza Enterprises ROCE % Chart

Domino's Pizza Enterprises Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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15.12

13.80

15.09

13.87

5.83

Domino's Pizza Enterprises 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															16.05	11.91	10.66	1.18	9.41

Domino's Pizza Enterprises ROCE % Calculation

Domino's Pizza Enterprises'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 )
	=	118.773	/	( ( (2431.724 - 640.582)	+	(2879.448 - 594.106) )	/ 2 )
	=	118.773	/	( (1791.142	+	2285.342)	/ 2 )
	=	118.773	/	2038.242
	=	5.83 %

Domino's Pizza Enterprises'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 )
	=	210.308	/	( ( (2879.448 - 594.106)	+	(2789.098 - 604.487) )	/ 2 )
	=	210.308	/	( ( 2285.342	+	2184.611 )	/ 2 )
	=	210.308	/	2234.9765
	=	9.41 %

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

Domino's Pizza Enterprises (ASX:DMP) 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.

Domino's Pizza Enterprises ROCE % Related Terms

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Domino's Pizza Enterprises (ASX:DMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Domino's Pizza Enterprises Ltd (ASX:DMP) » Definitions » ROCE %

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DPZUF:USA DMZPY:USA HQX:Germany

Address

485 Kingsford Smith Drive, Level 1, KSD1, Hamilton, Brisbane, QLD, AUS, 4007

Website

https://www.dominos.com.au

Domino's Pizza Enterprises is engaged in the operation of fast-food pizza outlets and franchise service. The company holds the exclusive master franchise rights for the Domino's brand and network in Australia, New Zealand, Japan, Singapore, Malaysia, Taiwan, Germany, France, Belgium, Luxembourg, and the Netherlands. It entered the German market via a joint venture and acquisition. The Domino's brand is owned by NYSE-listed Domino's Pizza, Inc.

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