Draganfly (STU:3U8) ROCE % : -1,169.45% (As of Sep. 2024)

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What is Draganfly 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. Draganfly's annualized ROCE % for the quarter that ended in Sep. 2024 was -1,169.45%.

Draganfly ROCE % Historical Data

The historical data trend for Draganfly'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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Draganfly ROCE % Chart

Draganfly Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-264.36

-98.59

-115.72

-360.89

Draganfly Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-313.94	-463.98	-839.51	-	-1,169.45

Draganfly ROCE % Calculation

Draganfly'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 )
	=	-15.307	/	( ( (10.172 - 2.326)	+	(5.694 - 5.057) )	/ 2 )
	=	-15.307	/	( (7.846	+	0.637)	/ 2 )
	=	-15.307	/	4.2415
	=	-360.89 %

Draganfly's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-9.8	/	( ( (6.711 - 8.19)	+	(5.673 - 2.518) )	/ 2 )
	=	-9.8	/	( ( -1.479	+	3.155 )	/ 2 )
	=	-9.8	/	0.838
	=	-1,169.45 %

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

Draganfly (STU:3U8) 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.

Draganfly ROCE % Related Terms

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Draganfly Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Draganfly Inc (STU:3U8) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DPRO:USA 3U8:Germany DPRO:Canada

Address

235 103rd Street East, Saskatoon, SK, CAN, S7N 1Y8

Website

https://www.draganfly.com

Draganfly Inc is a Canada based company. It is engaged in the provision of engineering services and the manufacture of commercial unmanned vehicle systems and software. The company operates in Canada, the United States, and Internationally. The three segments are Drones, Vital (Vital Intelligence), and Corporate. The Drones segment derives its revenue from products and services related to the sale of unmanned aerial vehicles (UAV). The Vital segment derives its revenue from the sale of products that measure vitals to help detect symptoms from large groups of people from a distance. The Corporate segment includes all costs not directly associated with the Drone and Vital segments. It generates majority of its revenue from Drones segment.

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