Delko (WAR:DEL) ROCE % : 9.81% (As of Dec. 2023)

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What is Delko 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. Delko's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.81%.

Delko ROCE % Historical Data

The historical data trend for Delko'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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Delko ROCE % Chart

Delko Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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22.42

21.78

19.98

18.92

20.79

Delko Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															23.70	24.99	17.45	16.90	9.81

Delko ROCE % Calculation

Delko's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	26.432	/	( ( (229.217 - 110.385)	+	(243.637 - 108.234) )	/ 2 )
	=	26.432	/	( (118.832	+	135.403)	/ 2 )
	=	26.432	/	127.1175
	=	20.79 %

Delko'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	20.184	/	( ( (345.077 - 134.23)	+	(330.072 - 129.271) )	/ 2 )
	=	20.184	/	( ( 210.847	+	200.801 )	/ 2 )
	=	20.184	/	205.824
	=	9.81 %

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

Delko (WAR:DEL) 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.

Delko ROCE % Related Terms

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