A Close Look At DRDGOLD Limited’s (NYSE:DRD) 14% ROCE [Yahoo! Finance News]
DRDGOLD Limited American Depositary Shares (DRD)
US:NYSE Investor Relations:
drdgold.com/investors-and-media
Company Research
Source: Yahoo! Finance News
Today we'll look at DRDGOLD Limited NYSE:DRDFirst up, we'll look at what ROCE is and how we calculate it. Second, we'll look at its ROCE compared to similar companies. And finally, we'll look at how its current liabilities are impacting its ROCE.Understanding Return On Capital Employed ROCE)ROCE is a metric for evaluating how much pre-tax income in percentage terms) a company earns on the capital invested in its business. Generally speaking a higher ROCE is better. Ultimately, it is a useful but imperfect metric. Author Edwin WhitingsaysHow Do You Calculate Return On Capital Employed?The formula for calculating the return on capital employed is:Return on Capital Employed = Earnings Before Interest and Tax EBIT) ÷ Total Assets - Current Liabilities)Or for DRDGOLD:0.14 = SAR541m ÷ SAR4.4b - SAR463m) Based on the trailing twelve months to December 2019.)So,DRDGOLD has an ROCE of 14%.See our latest analysis for DRDGOLDDoes DRDGOLD Have A Good ROCE?ROCE is commonly used for comparing the p
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DRD
News
- DRDGOLD Limited to Attend 121 Mining Investment Conference in Dubai [Yahoo! Finance]Yahoo! Finance
- DRDGOLD's (NYSE:DRD) Solid Earnings May Rest On Weak Foundations [Yahoo! Finance]Yahoo! Finance
- DRDGOLD Limited (NYSE: DRD) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $13.25 price target on the stock.MarketBeat
- DRDGold jumps to 52-week high after higher quarterly production, lower costs [Seeking Alpha]Seeking Alpha
- These Precious Metals Stocks Just Hit New 52-Week Highs [Forbes]Forbes
DRD
Analyst Actions
- 10/18/24 - HC Wainwright
DRD
Sec Filings
- 11/20/24 - Form 6-K
- 11/14/24 - Form SC
- 10/30/24 - Form 6-K
- DRD's page on the SEC website