Dynamic Metals (ASX:DYM) ROCE % : -5.48% (As of Dec. 2023)

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What is Dynamic Metals 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. Dynamic Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.48%.

Dynamic Metals ROCE % Historical Data

The historical data trend for Dynamic Metals'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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Dynamic Metals ROCE % Chart

Dynamic Metals Annual Data

Trend

Jun23

Jun24

ROCE %

-9.72

34.67

Dynamic Metals Semi-Annual Data
	Jun23	Dec23	Jun24
ROCE %	-	-5.48	74.28

Dynamic Metals ROCE % Calculation

Dynamic Metals'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: . 20 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: . 20 )		(A: Jun. 2023 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Dynamic Metals'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 )
	=	-0.468	/	( ( (8.885 - 0.278)	+	(8.861 - 0.382) )	/ 2 )
	=	-0.468	/	( ( 8.607	+	8.479 )	/ 2 )
	=	-0.468	/	8.543
	=	-5.48 %

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

Dynamic Metals (ASX:DYM) 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.

Dynamic Metals ROCE % Related Terms

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Dynamic Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Dynamic Metals Ltd (ASX:DYM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Richardson Street, Level 1, West Perth, WA, AUS, 6005

Website

https://www.dynamicmetals.com.au

Dynamic Metals Ltd is a minerals exploration and development company. It focuses on three main mineral projects located in Western Australia prospective for lithium, nickel, and gold. Project includes Widgiemooltha, Higginsville, Lake Percy, Deep Well Project.

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