Resource Development Group (ASX:RDG) ROCE % : 8.51% (As of Dec. 2023)

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What is Resource Development Group 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. Resource Development Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.51%.

Resource Development Group ROCE % Historical Data

The historical data trend for Resource Development 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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Resource Development Group ROCE % Chart

Resource Development Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-8.00

4.82

1.24

4.52

11.41

Resource Development Group 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															3.23	5.71	11.08	11.71	8.51

Resource Development Group ROCE % Calculation

Resource Development 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 )
	=	20.344	/	( ( (173.782 - 33.294)	+	(236.487 - 20.511) )	/ 2 )
	=	20.344	/	( (140.488	+	215.976)	/ 2 )
	=	20.344	/	178.232
	=	11.41 %

Resource Development 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 )
	=	18.466	/	( ( (236.487 - 20.511)	+	(275.437 - 57.485) )	/ 2 )
	=	18.466	/	( ( 215.976	+	217.952 )	/ 2 )
	=	18.466	/	216.964
	=	8.51 %

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

Resource Development Group (ASX:RDG) 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.

Resource Development Group ROCE % Related Terms

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Resource Development Group (ASX:RDG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Resource Development Group Ltd (ASX:RDG) » Definitions » ROCE %

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Address

Level 3, 14 Walters Drive, Osborne Park, Perth, WA, AUS, 6017

Website

https://www.resdevgroup.com.au

Resource Development Group Ltd provides contracting, remedial and construction services to the mining and oil and gas sectors within Australia as well as residential building and development. Its business division includes the Construction segment generating, a majority of the firm's revenue. The company provides multi-disciplinary construction services; ancillary, remedial, and protective maintenance services; EPCM, PMC, or integrated team project delivery solutions; EPC project delivery solutions; design and construct package delivery solutions, and optimizing services. It also provides services to the resource, infrastructure, energy, government, utilities and defence sectors within Australia.

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