Delta Apparel (FRA:DA7) ROCE % : -51.38% (As of Mar. 2024)

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What is Delta Apparel 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. Delta Apparel's annualized ROCE % for the quarter that ended in Mar. 2024 was -51.38%.

Delta Apparel ROCE % Historical Data

The historical data trend for Delta Apparel'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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Delta Apparel ROCE % Chart

Delta Apparel Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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5.87

-2.23

10.02

9.59

-7.79

Delta Apparel Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-5.36	-4.64	-19.50	-7.08	-51.38

Delta Apparel ROCE % Calculation

Delta Apparel's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-27.587	/	( ( (528.918 - 138.937)	+	(426.558 - 107.909) )	/ 2 )
	=	-27.587	/	( (389.981	+	318.649)	/ 2 )
	=	-27.587	/	354.315
	=	-7.79 %

Delta Apparel's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-89.924	/	( ( (389.637 - 195.569)	+	(336.627 - 180.653) )	/ 2 )
	=	-89.924	/	( ( 194.068	+	155.974 )	/ 2 )
	=	-89.924	/	175.021
	=	-51.38 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Delta Apparel (FRA:DA7) 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.

Delta Apparel ROCE % Related Terms

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Delta Apparel (FRA:DA7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Delta Apparel Inc (FRA:DA7) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DLA:USA

Address

2750 Premiere Parkway, Suite 100, Duluth, GA, USA, 30097

Website

https://www.deltaapparelinc.com

Delta Apparel Inc together with its subsidiaries is an international apparel design, marketing, manufacturing, and sourcing company. It operates its business in two distinct segments: Delta Group and Salt Life Group. The company offers a diverse portfolio of lifestyle basics and branded activewear apparel, headwear, and related accessory products. It specializes in selling casual and athletic products through distribution channels and distribution tiers, including specialty stores, boutiques, department stores, mid and mass channels, e-retailers, and the U.S. military. It also offers its products to consumers on its websites and in its retail stores. The company derives the maximum revenue from the wholesale of goods through the Delta Group in the United States.

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