Develop Global (ASX:DVP) ROCE %

: -1.46% (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. Develop Global's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.46%.

Develop Global ROCE % Historical Data

The historical data trend for Develop Global'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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Develop Global Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

-6.69

-9.88

-202.58

-7.48

-5.72

Develop Global Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %																-24.61	-3.90	-6.03	-5.19	-1.46

Develop Global ROCE % Calculation

Develop Global'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 )
	=	-11.42	/	( ( (204.884 - 12.169)	+	(245.8 - 39.087) )	/ 2 )
	=	-11.42	/	( (192.715	+	206.713)	/ 2 )
	=	-11.42	/	199.714
	=	-5.72 %

Develop Global'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 )
	=	-4.444	/	( ( (245.8 - 39.087)	+	(456.754 - 52.841) )	/ 2 )
	=	-4.444	/	( ( 206.713	+	403.913 )	/ 2 )
	=	-4.444	/	305.313
	=	-1.46 %

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

Develop Global (ASX:DVP) 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.

Develop Global ROCE % Related Terms

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Develop Global (ASX:DVP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Develop Global Ltd (ASX:DVP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

VTEXF:USA IHB1:Germany

Address

234 Railway Parade, West Perth, West Leederville, WA, AUS, 6007

Website

https://www.venturexresources.com

Develop Global Ltd, formerly Venturex Resources Ltd is an Australian company focused on the exploration and development of its advanced zinc-copper projects located near Port Hedland in the premier Pilbara mining province of Western Australia. The company owns two advanced Zinc / Copper projects which include Whim Creek project and Sulphur Springs.

Develop Global (ASX:DVP) ROCE %

Develop Global ROCE % Historical Data

Develop Global ROCE % Calculation

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Develop Global (ASX:DVP) Business Description

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