Dimand Real Estate Development (ATH:DIMAND) ROCE % : 8.56% (As of Dec. 2023)

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What is Dimand Real Estate Development 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. Dimand Real Estate Development's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.56%.

Dimand Real Estate Development ROCE % Historical Data

The historical data trend for Dimand Real Estate Development'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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Dimand Real Estate Development ROCE % Chart

Dimand Real Estate Development Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

34.31

18.50

5.87

11.49

Dimand Real Estate Development Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-	16.26	1.70	12.89	8.56

Dimand Real Estate Development ROCE % Calculation

Dimand Real Estate Development'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 )
	=	18.728	/	( ( (182.424 - 36.112)	+	(259.031 - 79.455) )	/ 2 )
	=	18.728	/	( (146.312	+	179.576)	/ 2 )
	=	18.728	/	162.944
	=	11.49 %

Dimand Real Estate Development'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 )
	=	15.806	/	( ( (234.507 - 44.799)	+	(259.031 - 79.455) )	/ 2 )
	=	15.806	/	( ( 189.708	+	179.576 )	/ 2 )
	=	15.806	/	184.642
	=	8.56 %

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

Dimand Real Estate Development (ATH:DIMAND) 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.

Dimand Real Estate Development ROCE % Related Terms

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Dimand Real Estate Development (ATH:DIMAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Dimand Real Estate Development (ATH:DIMAND) » Definitions » ROCE %

Traded in Other Exchanges

MW8:Germany

Address

115 Neratziotissis Street, Maroussi, GRC, GR 151 24

Website

https://www.dimand.gr

Dimand Real Estate Development is a real estate developer and exploration of real estate and construction, services, and holdings. The Group separately monitors the segments that are Real estate-related services segment.

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