Dangote Cement (NSA:DCP) ROCE % : 37.92% (As of Dec. 2023)

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What is Dangote Cement 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. Dangote Cement's annualized ROCE % for the quarter that ended in Dec. 2023 was 37.92%.

Dangote Cement ROCE % Historical Data

The historical data trend for Dangote Cement'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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Dangote Cement ROCE % Chart

Dangote Cement Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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25.49

36.24

47.42

41.19

35.59

Dangote Cement 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															58.25	41.02	26.69	43.22	37.92

Dangote Cement ROCE % Calculation

Dangote Cement'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 )
	=	697634	/	( ( (2615655 - 1021685)	+	(3938725 - 1612632) )	/ 2 )
	=	697634	/	( (1593970	+	2326093)	/ 2 )
	=	697634	/	1960031.5
	=	35.59 %

Dangote Cement'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 )
	=	810264	/	( ( (3344733 - 1397091)	+	(3938725 - 1612632) )	/ 2 )
	=	810264	/	( ( 1947642	+	2326093 )	/ 2 )
	=	810264	/	2136867.5
	=	37.92 %

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

Dangote Cement (NSA:DCP) 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.

Dangote Cement ROCE % Related Terms

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Dangote Cement (NSA:DCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Dangote Cement PLC (NSA:DCP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1, Alfred Rewane Road, P.O. Box 40032, Falomo, Ikoyi, Union Marble House, Lagos, NGA

Website

http://www.dangotecement.com

Dangote Cement PLC is a Nigerian cement manufacturer. It manufactures and markets cement and related products through its 'Dangote' brand. Its geographical segment includes Nigeria and Pan Africa. The company derives a majority of revenue from Nigeria segment.