DRDGOLD (NYSE:DRD) Shareholders Will Want The ROCE Trajectory To Continue [Yahoo! Finance]
DRDGOLD Limited American Depositary Shares (DRD)
US:NYSE Investor Relations:
drdgold.com/investors-and-media
Company Research
Source: Yahoo! Finance
Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. With that in mind, we've noticed some promising trends at DRDGOLD NYSE:DRD ) so let's look a bit deeper. 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 DRDGOLD, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.18 = R1.4b ÷ (R8.2b - R719m) (Based on the trailing twelve months to June 2023) So, DRDGOLD has an ROCE of 18%. On its own, that's a standard return, however it's much better than the 9.9% generated by the Metals and Mining i
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News
- DRDGold Should Have A Strong Second Half Of FY24 [Seeking Alpha]Seeking Alpha
- DRDGOLD Limited (NYSE: DRD) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Are Basic Materials Stocks Lagging DRDGOLD Limited (DRD) This Year? [Yahoo! Finance]Yahoo! Finance
- Those who invested in DRDGOLD (NYSE:DRD) five years ago are up 469% [Yahoo! Finance]Yahoo! Finance
- Is DRDGOLD Limited (DRD) Stock Outpacing Its Basic Materials Peers This Year? [Yahoo! Finance]Yahoo! Finance
DRD
Sec Filings
- 3/22/24 - Form SD
- 2/14/24 - Form 6-K
- 2/9/24 - Form 6-K
- DRD's page on the SEC website