Doro AB (OSTO:DORO) ROCE % : 12.27% (As of Dec. 2023)

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What is Doro AB 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. Doro AB's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.27%.

Doro AB ROCE % Historical Data

The historical data trend for Doro AB'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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Doro AB ROCE % Chart

Doro AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.91

4.38

13.88

7.56

10.36

Doro AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															7.91	1.06	-0.53	26.27	12.27

Doro AB ROCE % Calculation

Doro AB'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 )
	=	60.7	/	( ( (903.8 - 294.4)	+	(869.1 - 306.5) )	/ 2 )
	=	60.7	/	( (609.4	+	562.6)	/ 2 )
	=	60.7	/	586
	=	10.36 %

Doro AB'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	70.4	/	( ( (921.9 - 336.9)	+	(869.1 - 306.5) )	/ 2 )
	=	70.4	/	( ( 585	+	562.6 )	/ 2 )
	=	70.4	/	573.8
	=	12.27 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Doro AB (OSTO:DORO) 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.

Doro AB ROCE % Related Terms

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Doro AB (OSTO:DORO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Doro AB (OSTO:DORO) » Definitions » ROCE %

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Traded in Other Exchanges

DR8A:Germany

Address

Jorgen Kocksgatan 1B, Malmo, SWE, 211 20

Website

https://www.doro.com

Doro AB is a provider of senior mobile solutions. The company provides consumer solutions for seniors in the form of easy to use phones. Its product portfolio includes Mobile devices including Easy phones and Smart Phones; Home devices including Corded Telephones and Cordless Telephones; and Accessories and other related products. The company's operating segment includes Doro Phones and Doro Care. It generates maximum revenue from the Doro Phones segment.

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