Directa Plus (LSE:DCTA) ROCE % : -29.17% (As of Jun. 2023)

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What is Directa Plus 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. Directa Plus's annualized ROCE % for the quarter that ended in Jun. 2023 was -29.17%.

Directa Plus ROCE % Historical Data

The historical data trend for Directa Plus'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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Directa Plus ROCE % Chart

Directa Plus Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-41.77

-26.57

-32.54

-19.93

-32.22

Directa Plus Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial														-18.06	-25.28	-22.96	-43.03	-29.17

Directa Plus ROCE % Calculation

Directa Plus'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 )
	=	-4.533	/	( ( (18.497 - 1.882)	+	(14.403 - 2.88) )	/ 2 )
	=	-4.533	/	( (16.615	+	11.523)	/ 2 )
	=	-4.533	/	14.069
	=	-32.22 %

Directa Plus's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-3.126	/	( ( (14.403 - 2.88)	+	(12.174 - 2.261) )	/ 2 )
	=	-3.126	/	( ( 11.523	+	9.913 )	/ 2 )
	=	-3.126	/	10.718
	=	-29.17 %

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

Directa Plus (LSE:DCTA) 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.

Directa Plus ROCE % Related Terms

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Directa Plus (LSE:DCTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Directa Plus PLC (LSE:DCTA) » Definitions » ROCE %

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DTPKF:USA 88K:Germany

Address

ComoNExT Science Park, Via Cavour 2, Lomazzo, ITA, 22074

Website

https://www.directa-plus.com

Directa Plus PLC is a technology company engaged in the development of manufacturing processes to produce and supply high-quality engineered graphene-based products that can be used for industrial and commercial markets. The product range of the company includes G+ products and operates through the Textile; Environmental; and Others segments.

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