Duro Dakovic Grupa Dionicko Drustvo (ZAG:DDJH) ROCE % : 6.21% (As of Sep. 2023)

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What is Duro Dakovic Grupa Dionicko Drustvo 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. Duro Dakovic Grupa Dionicko Drustvo's annualized ROCE % for the quarter that ended in Sep. 2023 was 6.21%.

Duro Dakovic Grupa Dionicko Drustvo ROCE % Historical Data

The historical data trend for Duro Dakovic Grupa Dionicko Drustvo'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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Duro Dakovic Grupa Dionicko Drustvo ROCE % Chart

Duro Dakovic Grupa Dionicko Drustvo Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-0.19

-43.29

-30.14

-255.87

21.98

Duro Dakovic Grupa Dionicko Drustvo Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															10.80	8.93	18.63	14.24	6.21

Duro Dakovic Grupa Dionicko Drustvo ROCE % Calculation

Duro Dakovic Grupa Dionicko Drustvo'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 )
	=	2.476	/	( ( (56.16 - 58.239)	+	(89.274 - 64.67) )	/ 2 )
	=	2.476	/	( (-2.079	+	24.604)	/ 2 )
	=	2.476	/	11.2625
	=	21.98 %

Duro Dakovic Grupa Dionicko Drustvo's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	3.892	/	( ( (100.097 - 37.724)	+	(112.84 - 49.835) )	/ 2 )
	=	3.892	/	( ( 62.373	+	63.005 )	/ 2 )
	=	3.892	/	62.689
	=	6.21 %

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

Duro Dakovic Grupa Dionicko Drustvo (ZAG:DDJH) 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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Duro Dakovic Grupa Dionicko Drustvo (ZAG:DDJH) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Duro Dakovic Grupa Dionicko Drustvo (ZAG:DDJH) » Definitions » ROCE %

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Address

Dr. Mile Budaka 1, Slavonski Brod, HRV, 35000

Website

https://www.duro-dakovic.com

Duro Dakovic Grupa Dionicko Drustvo is a Croatia based company engaged in multiple businesses. Its operates in Defence, Transport and Industry and Energetics sectors. The company offers battle tanks and combat vehicles, freight wagons, pressure equipment, large components, steel structures and valves for the oil industry among other products.

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