DRA Global (ASX:DRA) ROCE % : 14.64% (As of Dec. 2023)

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What is DRA Global 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. DRA Global's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.64%.

DRA Global ROCE % Historical Data

The historical data trend for DRA Global'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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DRA Global ROCE % Chart

DRA Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

29.68

2.38

16.79

DRA Global Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-	-8.77	13.58	18.38	14.64

DRA Global ROCE % Calculation

DRA Global's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	52.815	/	( ( (543.799 - 210.533)	+	(540.315 - 244.642) )	/ 2 )
	=	52.815	/	( (333.266	+	295.673)	/ 2 )
	=	52.815	/	314.4695
	=	16.79 %

DRA Global'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	45.3	/	( ( (545.349 - 222.083)	+	(540.315 - 244.642) )	/ 2 )
	=	45.3	/	( ( 323.266	+	295.673 )	/ 2 )
	=	45.3	/	309.4695
	=	14.64 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

DRA Global (ASX:DRA) 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.

DRA Global ROCE % Related Terms

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DRA Global (ASX:DRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » DRA Global Ltd (ASX:DRA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DRA:South Africa

Address

256 Adelaide Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.draglobal.com

DRA Global Ltd is a diversified global engineering, project delivery, and operations management group. It provides engineering excellence through all stages of the project life cycle from concept through delivery, commissioning, operations, and rehabilitation. DRA has expertise in mining, minerals and metals processing, and related non-process infrastructure, including ESG, water, and energy solutions for the mining industry. Some of its projects are Elikhulu Gold, Yangibana Rare Earths Project, and Northam Platinum among others.

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