DG Innovate (LSE:DGI) ROCE % : -66.80% (As of Dec. 2023)

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What is DG Innovate 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. DG Innovate's annualized ROCE % for the quarter that ended in Dec. 2023 was -66.80%.

DG Innovate ROCE % Historical Data

The historical data trend for DG Innovate'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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DG Innovate ROCE % Chart

DG Innovate Annual Data

Trend

Mar19

Mar20

Mar21

Dec22

Dec23

ROCE %

-14.68

-21.71

-8.67

-157.59

-61.34

DG Innovate Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial				-45.08	-183.72	-52.30	-68.59	-66.80

DG Innovate ROCE % Calculation

DG Innovate'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 )
	=	-3.862	/	( ( (6.557 - 0.64)	+	(7.24 - 0.565) )	/ 2 )
	=	-3.862	/	( (5.917	+	6.675)	/ 2 )
	=	-3.862	/	6.296
	=	-61.34 %

DG Innovate'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 )
	=	-3.94	/	( ( (5.79 - 0.668)	+	(7.24 - 0.565) )	/ 2 )
	=	-3.94	/	( ( 5.122	+	6.675 )	/ 2 )
	=	-3.94	/	5.8985
	=	-66.80 %

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

DG Innovate (LSE:DGI) 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.

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DG Innovate (LSE:DGI) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Mill Field Road, 15 Victoria Mews Cottingley Business Park, Bingley, GBR, BD16 1PY

Website

https://www.dgiplc.com

DG Innovate PLC is a research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and storage, using abundant materials and engineering & scientific practices. The company is currently developing its products alongside several major manufacturers across the transportation and energy sectors, research institutions and the UK Government and has filed 18 patents worldwide.