Destiny Media Technologies (TSXV:DSY) ROCE % : 11.95% (As of Nov. 2024)

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What is Destiny Media Technologies 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. Destiny Media Technologies's annualized ROCE % for the quarter that ended in Nov. 2024 was 11.95%.

Destiny Media Technologies ROCE % Historical Data

The historical data trend for Destiny Media Technologies'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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Destiny Media Technologies ROCE % Chart

Destiny Media Technologies Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

ROCE %

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5.40

12.60

7.68

5.77

2.00

Destiny Media Technologies Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial															26.29	-16.30	15.43	-18.48	11.95

Destiny Media Technologies ROCE % Calculation

Destiny Media Technologies's annualized ROCE % for the fiscal year that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	0.09	/	( ( (5.238 - 0.555)	+	(5.036 - 0.714) )	/ 2 )
	=	0.09	/	( (4.683	+	4.322)	/ 2 )
	=	0.09	/	4.5025
	=	2.00 %

Destiny Media Technologies's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	0.524	/	( ( (5.036 - 0.714)	+	(5.071 - 0.625) )	/ 2 )
	=	0.524	/	( ( 4.322	+	4.446 )	/ 2 )
	=	0.524	/	4.384
	=	11.95 %

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

Destiny Media Technologies (TSXV:DSY) 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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Destiny Media Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Destiny Media Technologies Inc (TSXV:DSY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DSNY:USA DME1:Germany

Address

1575 West Georgia Street, Suite 428, Vancouver, BC, CAN, V6G 2V3

Website

https://www.dsny.com

Destiny Media Technologies Inc is a provider of secure digital content distribution and promotion solutions. The company operates solely in the digital media software segment. Its predominant services are; Clipstream which enables any non-technical user to upload videos that will play on all modern web browsers; MTR, a digital tracking service that tracks and reports the number and times an individual track is played; and Play MPE, a digital distribution service that is used commercially by the recording industry. Destiny services are based on proprietary security, watermarking, and instant play streaming media technologies. It also offers audio and video streaming solutions and secure file distribution to customers. Geographically, the company derives maximum revenue from Canada.