Duratec (ASX:DUR) ROCE % : 46.76% (As of Dec. 2023)

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What is Duratec 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. Duratec's annualized ROCE % for the quarter that ended in Dec. 2023 was 46.76%.

Duratec ROCE % Historical Data

The historical data trend for Duratec'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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Duratec ROCE % Chart

Duratec Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

ROCE %

35.26

26.00

51.10

Duratec Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			7.20	46.83	47.96	58.43	46.76

Duratec ROCE % Calculation

Duratec's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	28.381	/	( ( (137.623 - 93.068)	+	(212.432 - 145.904) )	/ 2 )
	=	28.381	/	( (44.555	+	66.528)	/ 2 )
	=	28.381	/	55.5415
	=	51.10 %

Duratec'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 )
	=	33.354	/	( ( (212.432 - 145.904)	+	(208.346 - 132.215) )	/ 2 )
	=	33.354	/	( ( 66.528	+	76.131 )	/ 2 )
	=	33.354	/	71.3295
	=	46.76 %

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

Duratec (ASX:DUR) 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.

Duratec ROCE % Related Terms

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Duratec (ASX:DUR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

108 Motivation Drive, Wangara, Perth, WA, AUS, 6065

Website

https://www.duratec.com.au

Duratec Ltd is an investment holding company. The company's operating segment includes Defence; Mining and Industrial; Building and Facades and others. It generates maximum revenue from the Defence segment. The company's services include Asset Protection; Building Refurbishment; Infrastructure Upgrades; Recladding; Durability Engineering; Specialist Access Systems; Construction and Spatial Integration. The company operates in several sectors that have different business cycles and are geographically spread across all States and Territories in Australia.

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