Dotz Nano (ASX:DTZ) ROCE % : -1,179.82% (As of Jun. 2023)

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What is Dotz Nano 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. Dotz Nano's annualized ROCE % for the quarter that ended in Jun. 2023 was -1,179.82%.

Dotz Nano ROCE % Historical Data

The historical data trend for Dotz Nano'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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Dotz Nano ROCE % Chart

Dotz Nano Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-294.69

-116.04

-168.35

-136.26

-193.64

Dotz Nano Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-153.11	-162.34	-201.15	-1,179.82	-1,942.72

Dotz Nano ROCE % Calculation

Dotz Nano'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 )
	=	-8.189	/	( ( (6.782 - 2.248)	+	(9.946 - 6.022) )	/ 2 )
	=	-8.189	/	( (4.534	+	3.924)	/ 2 )
	=	-8.189	/	4.229
	=	-193.64 %

Dotz Nano'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 )
	=	-8.418	/	( ( (6.782 - 2.248)	+	(2.725 - 5.832) )	/ 2 )
	=	-8.418	/	( ( 4.534	+	-3.107 )	/ 2 )
	=	-8.418	/	0.7135
	=	-1,179.82 %

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

Dotz Nano (ASX:DTZ) 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.

Dotz Nano ROCE % Related Terms

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Dotz Nano (ASX:DTZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Dotz Nano Ltd (ASX:DTZ) » Definitions » ROCE %

Comparable Companies

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DTZZF:USA 57N:Germany

Address

330 Collins Street, Level 14, Melbourne, VIC, AUS, 3000

Website

https://www.dotz.tech

Dotz Nano Ltd is a technology company specializing in the development and marketing of novel carbon-based materials used for tracing, anti-counterfeiting and product-liability solutions. It has focused on developing, manufacturing, and commercializing materials for tagging, tracing and verification, and diagnostics solutions. The company aimed at capitalizing on the technological innovation in the Graphene Quantum Dots (GQD) market.

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