Deneb Investments (JSE:DNB) ROCE % : 7.99% (As of Sep. 2023)

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What is Deneb Investments 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. Deneb Investments's annualized ROCE % for the quarter that ended in Sep. 2023 was 7.99%.

Deneb Investments ROCE % Historical Data

The historical data trend for Deneb Investments'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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Deneb Investments ROCE % Chart

Deneb Investments Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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6.61

5.05

9.35

9.68

10.58

Deneb Investments Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															7.31	11.93	11.69	10.23	7.99

Deneb Investments ROCE % Calculation

Deneb Investments's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	282.961	/	( ( (3331.94 - 870.515)	+	(3615.302 - 728.609) )	/ 2 )
	=	282.961	/	( (2461.425	+	2886.693)	/ 2 )
	=	282.961	/	2674.059
	=	10.58 %

Deneb Investments'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: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	229.892	/	( ( (3615.302 - 728.609)	+	(3750.814 - 884.588) )	/ 2 )
	=	229.892	/	( ( 2886.693	+	2866.226 )	/ 2 )
	=	229.892	/	2876.4595
	=	7.99 %

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

Deneb Investments (JSE:DNB) 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.

Deneb Investments ROCE % Related Terms

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Deneb Investments (JSE:DNB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Deneb Investments Ltd (JSE:DNB) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Corner Main and Browning Roads, 5th Floor, Deneb House, Observatory, Cape Town, WC, ZAF, 7925

Website

https://www.deneb.co.za

Deneb Investments Ltd is a diversified investment company operating in southern Africa. The company's operating segment includes Property; Industrial Product Manufacturing; Automotive Parts Manufacturing; and Branded Product Distribution. Industrial Product Manufacturing and Branded Product Distribution segments together contribute to the majority of the revenue. Its geographical segments include South Africa, Other African countries, Asia, Europe, North America and South America, of which the majority of the revenue is generated from South Africa.