DXN (ASX:DXN) ROCE % : -6.00% (As of Dec. 2023)

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What is DXN 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. DXN's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.00%.

DXN ROCE % Historical Data

The historical data trend for DXN'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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DXN ROCE % Chart

DXN Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

-38.37

-52.62

-19.33

-30.43

-51.08

DXN Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial						-33.13	-22.50	-1.66	-140.16	-6.00

DXN ROCE % Calculation

DXN'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 )
	=	-8.985	/	( ( (27.27 - 4.63)	+	(18.481 - 5.939) )	/ 2 )
	=	-8.985	/	( (22.64	+	12.542)	/ 2 )
	=	-8.985	/	17.591
	=	-51.08 %

DXN'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 )
	=	-0.546	/	( ( (18.481 - 5.939)	+	(13.229 - 7.557) )	/ 2 )
	=	-0.546	/	( ( 12.542	+	5.672 )	/ 2 )
	=	-0.546	/	9.107
	=	-6.00 %

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

DXN (ASX:DXN) 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.

DXN ROCE % Related Terms

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DXN (ASX:DXN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » DXN Ltd (ASX:DXN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Dampier Road, Welshpool, WA, AUS, 6106

Website

https://www.dxn.solutions

DXN Ltd operates as a data centre company .It is engaged in data centre manufacturing division engineers, constructs and commissions data centre solutions globally. Data centres provide space, power, cooling, and physical security for clients to house their computer servers and related storage and networking equipment. It has a wide range of applications, which includes edge data centres and telecommunications applications (satellite, radio centres, cable landing stations). It also offers management and maintenance to all DXN Data Centres and remote Modular Data Centres. Business operating segments include; Data Centre Manufacturing and Data Centre Operations. Substantial revenue comes from the Data Centre Manufacturing segment.

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