Deveron (TSXV:FARM) ROCE % : 13.13% (As of Dec. 2023)

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What is Deveron 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. Deveron's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.13%.

Deveron ROCE % Historical Data

The historical data trend for Deveron'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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Deveron ROCE % Chart

Deveron Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Jun23

ROCE %

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-48.96

-29.26

-36.03

-8.00

-8.33

Deveron 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															24.06	-20.31	-25.26	-21.04	13.13

Deveron ROCE % Calculation

Deveron'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: Dec. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Dec. 2022 )		(A: Jun. 2023 )
	=	-8.458	/	( ( (116.727 - 15.227)	+	(0 - 0) )	/ 1 )
	=	-8.458	/	( (101.5	+	0)	/ 1 )
	=	-8.458	/	101.5
	=	-8.33 %

Deveron'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 )
	=	12.064	/	( ( (106.03 - 14.267)	+	(106.894 - 14.906) )	/ 2 )
	=	12.064	/	( ( 91.763	+	91.988 )	/ 2 )
	=	12.064	/	91.8755
	=	13.13 %

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

Deveron (TSXV:FARM) 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.

Deveron ROCE % Related Terms

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Deveron (TSXV:FARM) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Deveron Corp (TSXV:FARM) » Definitions » ROCE %

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DVRNF:USA 1LSA:Germany

Address

82 Richmond Street East, Suite 200, Toronto, ON, CAN, M5C 1P1

Website

https://www.deveron.com

Deveron Corp is an agriculture technology company that uses data and insights to help farmers and agriculture enterprises increase yields, reduce costs, and improve farm outcomes. The company employs a digital process that leverages data collected on farms across North America to drive the unbiased interpretation of production decisions, ultimately recommending optimizing input use. Additionally, the Company provides scalable data acquisition solutions in the imagery and soil space with the help of soil sampling technicians and drone pilots.