Danish Aerospace Co A/S (OCSE:DAC) ROCE % : 43.51% (As of Dec. 2023)

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What is Danish Aerospace Co A/S 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. Danish Aerospace Co A/S's annualized ROCE % for the quarter that ended in Dec. 2023 was 43.51%.

Danish Aerospace Co A/S ROCE % Historical Data

The historical data trend for Danish Aerospace Co A/S'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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Danish Aerospace Co A/S ROCE % Chart

Danish Aerospace Co A/S Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.35

2.44

2.50

-1.38

26.48

Danish Aerospace Co A/S Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								10.49	4.36	-8.55	-8.57	43.51

Danish Aerospace Co A/S ROCE % Calculation

Danish Aerospace Co A/S'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 )
	=	3.69	/	( ( (22.237 - 9.922)	+	(34.242 - 18.684) )	/ 2 )
	=	3.69	/	( (12.315	+	15.558)	/ 2 )
	=	3.69	/	13.9365
	=	26.48 %

Danish Aerospace Co A/S'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 )
	=	9.018	/	( ( (42.323 - 16.433)	+	(34.242 - 18.684) )	/ 2 )
	=	9.018	/	( ( 25.89	+	15.558 )	/ 2 )
	=	9.018	/	20.724
	=	43.51 %

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

Danish Aerospace Co A/S (OCSE:DAC) 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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Danish Aerospace Co A/S (OCSE:DAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Danish Aerospace Co A/S (OCSE:DAC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hvidkjaervej 31A Street, Odense, DNK, DK-5250

Website

https://www.danishaerospace.com

Danish Aerospace Co A/S is a high-tech company operating in the area of advanced medical instrumentation and other engineering fields primarily within space applications. The main activity of the company is to develop innovative technological solutions for space exploration. This comprises design, development, and manufacturing of medical monitoring and exercise equipment, as well as to support preparations for and realisation of manned space flights.