Droneshield (Droneshield) ROCE % : 15.14% (As of Dec. 2023)

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What is Droneshield 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. Droneshield's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.14%.

Droneshield ROCE % Historical Data

The historical data trend for Droneshield'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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Droneshield ROCE % Chart

Droneshield Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-200.25

-62.87

-40.42

-23.60

2.17

Droneshield Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial											-71.57	-81.47	18.37	-21.31	15.14

Droneshield ROCE % Calculation

Droneshield'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 )
	=	0.697	/	( ( (17.009 - 4.145)	+	(64.961 - 13.538) )	/ 2 )
	=	0.697	/	( (12.864	+	51.423)	/ 2 )
	=	0.697	/	32.1435
	=	2.17 %

Droneshield'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 )
	=	6.694	/	( ( (44.958 - 7.937)	+	(64.961 - 13.538) )	/ 2 )
	=	6.694	/	( ( 37.021	+	51.423 )	/ 2 )
	=	6.694	/	44.222
	=	15.14 %

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

Droneshield (OTCPK:DRSHF) 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.

Droneshield ROCE % Related Terms

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Droneshield (Droneshield) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Droneshield Ltd (OTCPK:DRSHF) » Definitions » ROCE %

Comparable Companies

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DRH:Germany DRO:Australia

Address

126 Phillip Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.droneshield.com

Droneshield Ltd develops and sells hardware and software for the detection of drones. The principal activity of the Company is the development, commercialisation and sales of hardware and software technology for drone detection and security. Its products include DroneGun Tactical, DroneCannon, DroneNode, and DroneShield Complete. The company provides its solutions to government and military, airports, commercial venues, prisons, and critical infrastructure. Its geographical segments are the United States and Australia.

Droneshield (Droneshield) Headlines

From GuruFocus

DroneShield Awarded Record $33 Million U.S. Government Contract

By PRNewswire • 07-17-2023