Dairibord Holdings (XZIM:DZL.ZW) ROCE % : 51.72% (As of Dec. 2022)

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What is Dairibord Holdings 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. Dairibord Holdings's annualized ROCE % for the quarter that ended in Dec. 2022 was 51.72%.

Dairibord Holdings ROCE % Historical Data

The historical data trend for Dairibord Holdings'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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Dairibord Holdings ROCE % Chart

Dairibord Holdings Annual Data

Trend

Dec08

Dec09

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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0.54

86.63

1.91

25.09

31.93

Dairibord Holdings Semi-Annual Data
	Dec09	Jun11	Dec11	Jun12	Dec12	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
ROCE %	Get a 7-Day Free Trial										8.85	-4.34	54.43	22.93	51.72

Dairibord Holdings ROCE % Calculation

Dairibord Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	6078.891	/	( ( (20937.483 - 5471.489)	+	(35954.454 - 13341.117) )	/ 2 )
	=	6078.891	/	( (15465.994	+	22613.337)	/ 2 )
	=	6078.891	/	19039.6655
	=	31.93 %

Dairibord Holdings's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	8990.902	/	( ( (16610.317 - 4456.994)	+	(35954.454 - 13341.117) )	/ 2 )
	=	8990.902	/	( ( 12153.323	+	22613.337 )	/ 2 )
	=	8990.902	/	17383.33
	=	51.72 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2022) EBIT data.

Dairibord Holdings (XZIM:DZL.ZW) 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.

Dairibord Holdings ROCE % Related Terms

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Dairibord Holdings (XZIM:DZL.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dairibord Holdings Ltd (XZIM:DZL.ZW) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

1225 Rekayi Tangwena Avenue, Belvedere, P.O. Box 587, Harare, ZWE

Website

https://www.dairibord.com

Dairibord Holdings Ltd manufactures, processes, markets, and distributes milk products, foods, and beverages in Zimbabwe. It operates through Manufacturing and Distribution (Zimbabwe), Corporate, and Properties segments. The company generates maximum revenue from the Manufacturing and Distribution segment. It offers various products, including liquid milk products, such as short and long shelf life, cultured, and cream milk products; food products comprising yoghurts, ice creams, cheese, ice cream cone shells, condiments, spreads, sauces, butter, and ghee; and beverages, which include cordials, ready to drink dairy and non-dairy beverages, teas, mineral water, juices, and drinking chocolate.

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