Digital Workforce Services (OHEL:DWF) ROCE % : -13.01% (As of Dec. 2023)

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What is Digital Workforce Services 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. Digital Workforce Services's annualized ROCE % for the quarter that ended in Dec. 2023 was -13.01%.

Digital Workforce Services ROCE % Historical Data

The historical data trend for Digital Workforce Services'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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Digital Workforce Services ROCE % Chart

Digital Workforce Services Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-39.38

-23.21

-11.46

-15.63

-4.11

Digital Workforce Services Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial				-8.08	-19.17	-12.69	4.20	-13.01

Digital Workforce Services ROCE % Calculation

Digital Workforce Services'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 )
	=	-0.683	/	( ( (27.918 - 10.207)	+	(23.435 - 7.934) )	/ 2 )
	=	-0.683	/	( (17.711	+	15.501)	/ 2 )
	=	-0.683	/	16.606
	=	-4.11 %

Digital Workforce Services'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 )
	=	-2.086	/	( ( (24.276 - 7.719)	+	(23.435 - 7.934) )	/ 2 )
	=	-2.086	/	( ( 16.557	+	15.501 )	/ 2 )
	=	-2.086	/	16.029
	=	-13.01 %

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

Digital Workforce Services (OHEL:DWF) 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.

Digital Workforce Services ROCE % Related Terms

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Digital Workforce Services (OHEL:DWF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Digital Workforce Services PLC (OHEL:DWF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DQ4:Germany

Address

Mechelininkatu 1 a, Helsinki, FIN, 00180

Website

https://www.digitalworkforce.com

Digital Workforce Services PLC is a trusted advisor and a globally independent provider of services in Robotic Process Automation (RPA) and intelligent automation on an industrial scale, including cloud-based, pay-per-use services. The Geographic area of the company is Finland, Sweden, Norway, Denmark, Poland, and others, the majority of the revenue comes from Finland.

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