There's Been No Shortage Of Growth Recently For DigitalOcean Holdings' (NYSE:DOCN) Returns On Capital [Yahoo! Finance]
DigitalOcean Holdings, Inc. (DOCN)
Company Research
Source: Yahoo! Finance
Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. So on that note, DigitalOcean Holdings NYSE:DOCN ) looks quite promising in regards to its trends of return on capital. What Is Return On Capital Employed (ROCE)? For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for DigitalOcean Holdings, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.053 = US$67m ÷ (US$1.5b - US$193m) (Based on the trailing twelve months to December 2023) Therefore, DigitalOcean Holdings has an ROCE of 5.3%. In absolute terms, that's a low return and it also under-performs the
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News
- Is DigitalOcean Stock a Buy? [Yahoo! Finance]Yahoo! Finance
- DigitalOcean Holdings, Inc. (NASDAQ: DOCN) had its price target raised by analysts at Canaccord Genuity Group Inc. from $41.00 to $42.00. They now have a "buy" rating on the stock.MarketBeat
- DigitalOcean Holdings, Inc. (NASDAQ: DOCN) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $47.00 price target on the stock.MarketBeat
- DigitalOcean Holdings, Inc. (NASDAQ: DOCN) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- DigitalOcean Holdings, Inc. (NYSE:DOCN) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
DOCN
Earnings
- 5/10/24 - Beat
DOCN
Sec Filings
- 5/14/24 - Form 4
- 5/10/24 - Form 10-Q
- 5/10/24 - Form 8-K
- DOCN's page on the SEC website