D3 Energy (ASX:D3E) ROCE % : -23.90% (As of Jun. 2024)

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What is D3 Energy 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. D3 Energy's annualized ROCE % for the quarter that ended in Jun. 2024 was -23.90%.

D3 Energy ROCE % Historical Data

The historical data trend for D3 Energy'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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D3 Energy ROCE % Chart

D3 Energy Annual Data

Trend

Jun22

Jun23

Jun24

ROCE %

-8.96

-23.90

D3 Energy Semi-Annual Data
	Jun22	Jun23	Jun24
ROCE %	-	-8.96	-23.90

D3 Energy ROCE % Calculation

D3 Energy's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-3.518	/	( ( (16.013 - 0.113)	+	(13.645 - 0.11) )	/ 2 )
	=	-3.518	/	( (15.9	+	13.535)	/ 2 )
	=	-3.518	/	14.7175
	=	-23.90 %

D3 Energy's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Jun. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Jun. 2023 )		(Q: Jun. 2024 )
	=	-3.518	/	( ( (16.013 - 0.113)	+	(13.645 - 0.11) )	/ 2 )
	=	-3.518	/	( ( 15.9	+	13.535 )	/ 2 )
	=	-3.518	/	14.7175
	=	-23.90 %

(1) Note: The EBIT data used here is one times the annual (Jun. 2024) EBIT data.

D3 Energy (ASX:D3E) 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.

D3 Energy ROCE % Related Terms

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D3 Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » D3 Energy Ltd (ASX:D3E) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

234 George Street, Level 14, Sydney, NSW, AUS, 2000

Website

https://www.d3energy.com.au

D3 Energy Ltd is an emerging natural gas and helium exploration company. Its primary focus is on the exploration for, and where possible, the commercial production of natural gas and helium at the D3 project. D3 Project is located in the Free State Province, onshore South Africa which consists of Exploration Right, ER315 (ER315), Exploration Right Application, ERA341, Technical Co-operation Permit 240, Technical Co-operation Permit 235.

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