Dignity (LSE:DTY) ROCE % : -21.35% (As of Dec. 2022)

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What is Dignity 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. Dignity's annualized ROCE % for the quarter that ended in Dec. 2022 was -21.35%.

Dignity ROCE % Historical Data

The historical data trend for Dignity'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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Dignity ROCE % Chart

Dignity Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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0.65

4.32

0.58

3.54

-19.27

Dignity Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
ROCE %	Get a 7-Day Free Trial															0.82	7.55	-0.51	-17.34	-21.35

Dignity ROCE % Calculation

Dignity'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 )
	=	-300.9	/	( ( (1892 - 179.8)	+	(1592.3 - 182.3) )	/ 2 )
	=	-300.9	/	( (1712.2	+	1410)	/ 2 )
	=	-300.9	/	1561.1
	=	-19.27 %

Dignity's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	-317.6	/	( ( (1736.4 - 171)	+	(1592.3 - 182.3) )	/ 2 )
	=	-317.6	/	( ( 1565.4	+	1410 )	/ 2 )
	=	-317.6	/	1487.7
	=	-21.35 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2022) EBIT data.

Dignity (LSE:DTY) 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.

Dignity ROCE % Related Terms

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Dignity (LSE:DTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Dignity PLC (LSE:DTY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 King Edwards Court, King Edwards Square, Sutton Coldfield, West Midlands, GBR, B73 6AP

Website

https://www.dignityplc.co.uk

Dignity PLC is engaged in the provision of funeral services. The company has three operating segments, including funeral services, crematoria operation, and pre-arranged funeral plans. Funeral services, which generate the majority of revenue, include the provision of funerals and ancillary items, such as flowers and memorials. Crematoria services include cremation services and the sale of memorials and burial plots. Pre-arranged funeral plans include the sale of funerals in advance to customers who make their funeral arrangements. The company derives most of its revenue from the United Kingdom.

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