DGO Gold (FRA:48D) ROCE % : -26.13% (As of Dec. 2021)

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What is DGO Gold 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. DGO Gold's annualized ROCE % for the quarter that ended in Dec. 2021 was -26.13%.

DGO Gold ROCE % Historical Data

The historical data trend for DGO Gold'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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DGO Gold ROCE % Chart

DGO Gold Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

ROCE %

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-31.09

-24.93

-37.70

0.42

-9.11

DGO Gold Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
ROCE %	Get a 7-Day Free Trial															39.34	-13.69	-15.44	-2.11	-26.13

DGO Gold ROCE % Calculation

DGO Gold's annualized ROCE % for the fiscal year that ended in Jun. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2021 )		(A: Jun. 2020 )		(A: Jun. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2021 )		(A: Jun. 2020 )		(A: Jun. 2021 )
	=	-4.403	/	( ( (34.986 - 0.566)	+	(63.035 - 0.812) )	/ 2 )
	=	-4.403	/	( (34.42	+	62.223)	/ 2 )
	=	-4.403	/	48.3215
	=	-9.11 %

DGO Gold's ROCE % of for the quarter that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2021 )		(Q: Jun. 2021 )		(Q: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2021 )		(Q: Jun. 2021 )		(Q: Dec. 2021 )
	=	-16.066	/	( ( (63.035 - 0.812)	+	(63.567 - 2.805) )	/ 2 )
	=	-16.066	/	( ( 62.223	+	60.762 )	/ 2 )
	=	-16.066	/	61.4925
	=	-26.13 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2021) EBIT data.

DGO Gold (FRA:48D) 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.

DGO Gold ROCE % Related Terms

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DGO Gold (FRA:48D) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » DGO Gold Ltd (FRA:48D) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

63 Exhibition Street, Suite 2, Level 9, Melbourne, VIC, AUS, 3000

Website

https://www.dgogold.com.au

DGO Gold Ltd is engaged in the mining and exploration of gold and base metals in Australia. The projects of the company include Mt Edwards, Black flag, and Ora band Southwest.

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