Dynacor Group (TSX:DNG) ROCE % : 23.68% (As of Dec. 2023)

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What is Dynacor Group 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. Dynacor Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 23.68%.

Dynacor Group ROCE % Historical Data

The historical data trend for Dynacor Group'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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Dynacor Group ROCE % Chart

Dynacor Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.16

13.61

28.67

23.11

25.66

Dynacor Group 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															22.41	29.04	26.26	22.87	23.68

Dynacor Group ROCE % Calculation

Dynacor Group'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 )
	=	31.211	/	( ( (131.641 - 15.261)	+	(149.964 - 23.093) )	/ 2 )
	=	31.211	/	( (116.38	+	126.871)	/ 2 )
	=	31.211	/	121.6255
	=	25.66 %

Dynacor Group'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 )
	=	30.116	/	( ( (144.22 - 16.716)	+	(149.964 - 23.093) )	/ 2 )
	=	30.116	/	( ( 127.504	+	126.871 )	/ 2 )
	=	30.116	/	127.1875
	=	23.68 %

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

Dynacor Group (TSX:DNG) 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.

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Dynacor Group (TSX:DNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Dynacor Group Inc (TSX:DNG) » Definitions » ROCE %

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DNGDF:USA OA5:Germany

Address

625 Rene-Levesque Boulevard West, Suite 1200, Montreal, QC, CAN, H3B 1R2

Website

https://www.dynacor.com

Dynacor Group Inc is a dividend-paying gold production Corporation. It is engaged in production activity through its government-approved ore processing operations. The company's operating segment is the mining sector, which is comprised of the exploration, evaluation, and processing of mineral resources. It produces and explores various properties in Peru such as Tumipampa and Anta. The company currently operates the plant in Veta Dorada. The firm generates revenue from the sales of precious metals derived from the ore processing operation.

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