Duty Free International (SGX:5SO) ROCE % : 4.43% (As of Nov. 2023)

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What is Duty Free International 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. Duty Free International's annualized ROCE % for the quarter that ended in Nov. 2023 was 4.43%.

Duty Free International ROCE % Historical Data

The historical data trend for Duty Free International'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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Duty Free International ROCE % Chart

Duty Free International Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

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11.42

5.05

-5.84

-0.17

5.31

Duty Free International Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															5.43	9.01	5.97	3.79	4.43

Duty Free International ROCE % Calculation

Duty Free International's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	7.344	/	( ( (144.129 - 5.344)	+	(145.96 - 8.278) )	/ 2 )
	=	7.344	/	( (138.785	+	137.682)	/ 2 )
	=	7.344	/	138.2335
	=	5.31 %

Duty Free International's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	5.852	/	( ( (139.796 - 5.98)	+	(136.655 - 6.213) )	/ 2 )
	=	5.852	/	( ( 133.816	+	130.442 )	/ 2 )
	=	5.852	/	132.129
	=	4.43 %

(1) Note: The EBIT data used here is four times the quarterly (Nov. 2023) EBIT data.

Duty Free International (SGX:5SO) 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.

Duty Free International ROCE % Related Terms

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Duty Free International (SGX:5SO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Duty Free International Ltd (SGX:5SO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

138 Cecil Street, No. 12-01A, Cecil Court, Singapore, SGP, 069538

Website

https://www.dfi.com.sg

Duty Free International Ltd is an Investment Holding company. The company operates through two divisions, which are Trading duty-free goods and non-dutiable merchandise and Investment holding others. The duty-free business of the company is its main revenue contributor and its activities involve trading duty-free goods and non-dutiable merchandise through its brand The Zon, situated at entry and exit points of international airports, seaports, international ferry terminals, border towns, and popular tourist destinations. The company's products entail imported duty-free beverages, tobacco products, chocolates and confectionery products, perfumery, cosmetics, and souvenirs. The activities of the group are mainly carried out in Malaysia.

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