Diamond Hill Investment Group (Diamond Hill Investment Group) ROCE % : 8.46% (As of Dec. 2023)

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What is Diamond Hill Investment 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. Diamond Hill Investment Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.46%.

Diamond Hill Investment Group ROCE % Historical Data

The historical data trend for Diamond Hill Investment 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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Diamond Hill Investment Group ROCE % Chart

Diamond Hill Investment Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.51

19.63

32.71

28.71

17.54

Diamond Hill Investment Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															17.27	20.53	14.23	22.42	8.46

Diamond Hill Investment Group ROCE % Calculation

Diamond Hill Investment Group'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 )
	=	35.504	/	( ( (249.821 - 41.278)	+	(232.094 - 35.69) )	/ 2 )
	=	35.504	/	( (208.543	+	196.404)	/ 2 )
	=	35.504	/	202.4735
	=	17.54 %

Diamond Hill Investment 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	17.66	/	( ( (254.31 - 33.046)	+	(232.094 - 35.69) )	/ 2 )
	=	17.66	/	( ( 221.264	+	196.404 )	/ 2 )
	=	17.66	/	208.834
	=	8.46 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Diamond Hill Investment Group (NAS:DHIL) 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.

Diamond Hill Investment Group ROCE % Related Terms

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Diamond Hill Investment Group (Diamond Hill Investment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Diamond Hill Investment Group Inc (NAS:DHIL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BVE:Germany

Address

325 John H. McConnell Boulevard, Suite 200, Columbus, OH, USA, 43215

Website

https://www.diamond-hill.com

Diamond Hill Investment Group Inc sponsors, markets, and provides investment advisory and related services to various U.S. and foreign clients including mutual funds, separate accounts, and private investment funds. The company's objective is to fulfill a fiduciary duty to clients and secondary objectives to achieve an adequate long-term return for shareholders. The company generates its revenue from Investment advisory and Mutual fund administration fees.

Executives

Laird James F Jr	officer: Chief Financial Officer	375 N FRONT STREET, SUITE 300, COLUMBUS OH 43215
Heather E Brilliant	director, officer: Chief Executive Officer	325 JOHN H MCCONNELL BLVD, SUITE 200, COLUMBUS OH 43215
Paula R Meyer	director	ADVISORY HEDGED OPPORTUNITY FUND, 50590 AXP FINANCIAL CENTER, MINNEAPOLIS MN 55474
Jo Ann Quinif	officer: President of DHCM	325 JOHN H. MCCONNELL BLVD., SUITE 200, COLUMBUS OH 43215
Mark Zinkula	director	325 JOHN H MCCONNELL BLVD, SUITE 200, COLUMBUS OH 43215
Thomas Edward Line	officer: Chief Financial Officer	325 JOHN H. MCCONNELL BLVD., SUITE 200, COLUMBUS OH 43215
L'quentus Thomas	director	325 JOHN H MCCONNELL BLVD, SUITE 200, COLUMBUS OH 43215
Richard Scott Cooley	director	325 JOHN H MCCONNELL BLVD, SUITE 200, COLUMBUS OH 43215
Randolph J. Fortener	director	325 JOHN H. MCCONNELL BLVD., STE. 200, COLUMBUS OH 43215
St. Pierre Nicole Renee	director	325 JOHN H. MCCONNELL BLVD., SUITE 200, COLUMBUS OH 43215
Dillon Roderick H Jr	director, officer: Chief Executive Officer	180 BEACH DRIVE NE 2001, SAINT PETERSBURG FL 33701
Lisa M Wesolek	officer: COO of DHCM	325 JOHN H. MCCONNELL BLVD., STE 200, COLUMBUS OH 43215
Bradley C Shoup	director	325 JOHN H. MCCONNELL BLVD., SUITE 200, COLUMBUS OH 43215
Frances A Skinner	director	138 PUTNAM STREET, MARIETTA OH 45750
Christopher M Bingaman	officer: President of DHCM	325 JOHN H. MCCONNELL BLVD., STE. 200, COLUMBUS OH 43215