DRDGold (DRDGold) ROCE % : 23.29% (As of Jun. 2023)

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What is DRDGold 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. DRDGold's annualized ROCE % for the quarter that ended in Jun. 2023 was 23.29%.

DRDGold ROCE % Historical Data

The historical data trend for DRDGold'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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DRDGold ROCE % Chart

DRDGold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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6.51

22.82

41.20

23.44

23.29

DRDGold Semi-Annual Data
	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
ROCE %	Get a 7-Day Free Trial															6.51	22.82	41.20	23.44	23.29

DRDGold ROCE % Calculation

DRDGold'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 )
	=	93.722	/	( ( (447.579 - 39.553)	+	(435.027 - 38.341) )	/ 2 )
	=	93.722	/	( (408.026	+	396.686)	/ 2 )
	=	93.722	/	402.356
	=	23.29 %

DRDGold'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: Jun. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Jun. 2022 )		(Q: Jun. 2023 )
	=	93.722	/	( ( (447.579 - 39.553)	+	(435.027 - 38.341) )	/ 2 )
	=	93.722	/	( ( 408.026	+	396.686 )	/ 2 )
	=	93.722	/	402.356
	=	23.29 %

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

DRDGold (NYSE:DRD) 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.

DRDGold ROCE % Related Terms

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DRDGold (DRDGold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » DRDGold Ltd (NYSE:DRD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DRD:South Africa DRDGF:USA 0ICU:UK DUB1:Germany

Address

Cnr 14th Avenue and Hendrik Potgieter Road, Constantia Office Park, Cycad House, Building 17, Ground Floor, Weltevreden Park, ZAF, 1709

Website

https://www.drdgold.com

DRDGold Ltd is a South African gold mining company engaged in surface gold tailings retreatment including exploration, extraction, processing, and smelting. It has two operating segments: the Ergo which is a surface gold retreatment operation that treats old slime dams and sand dumps to the south of Johannesburg's central the business district as well as the East and Central Rand goldfields; and the FWGR which is a surface gold retreatment operation and treats old slime dams in the West Rand goldfields. The Ergo segment derives a vast majority of the revenue.

DRDGold (DRDGold) Headlines

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