D2L (TSX:DTOL) ROCE % : 30.16% (As of Oct. 2024)

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What is D2L 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. D2L's annualized ROCE % for the quarter that ended in Oct. 2024 was 30.16%.

D2L ROCE % Historical Data

The historical data trend for D2L'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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D2L ROCE % Chart

D2L Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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-321.92

-26.53

-3.79

D2L Quarterly Data
	Jan19	Jan20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial															-0.80	4.38	4.39	0.51	30.16

D2L ROCE % Calculation

D2L's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	-3.458	/	( ( (237.046 - 147.965)	+	(264.6 - 171.327) )	/ 2 )
	=	-3.458	/	( (89.081	+	93.273)	/ 2 )
	=	-3.458	/	91.177
	=	-3.79 %

D2L's ROCE % of for the quarter that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	31.724	/	( ( (299.569 - 195.795)	+	(300.222 - 193.626) )	/ 2 )
	=	31.724	/	( ( 103.774	+	106.596 )	/ 2 )
	=	31.724	/	105.185
	=	30.16 %

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

D2L (TSX:DTOL) 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.

D2L ROCE % Related Terms

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D2L Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » D2L Inc (TSX:DTOL) » Definitions » ROCE %

Comparable Companies

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DTLIF:USA

Address

137 Glasgow Street, Suite 560, Kitchener, ON, CAN, N2G 4X8

Website

https://www.d2l.com

D2L Inc is a learning innovation company. It provides cloud-based learning software for higher education institutions, kindergarten to grade 12 (K-12) schools and districts, and private sector enterprises. The company serves K-12, higher education, associations, and the corporate sector. Its product includes D2L Brightspace and D2L Wave.

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