DRDGOLD Limited (DRD) Key Metrics
DRD key metrics, FY2017–FY2026
Fiscal year ended June 30, 2026 · South African randDRD returns How much profit the business earns on the capital it uses.
DRD financial health Debt, liquidity and how easily interest is covered.
DRD efficiency & capital use Working capital cycle and where the cash goes.
DRD returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
DRD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
DRD cash returned to shareholders
DRD key metrics in South African rand
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 38.0% | 28.4% | 20.2% | 21.9% | 21.9% | 32.5% | 18.9% | 4.0% | 0.5% | 1.0% |
| Return on invested capital (ROIC) | 45.2% | 9.6% | 23.0% | 31.7% | 35.5% | 52.6% | 25.4% | 5.5% | 2.5% | −1.9% |
| Return on assets (ROA) | 27.7% | 20.7% | 15.1% | 16.8% | 16.7% | 24.0% | 13.0% | 2.4% | 0.3% | 0.6% |
| Return on tangible assets | 23.7% | 18.3% | 14.1% | 15.7% | 15.9% | 22.7% | 11.2% | 2.0% | 0.3% | 0.6% |
| Free cash flow margin | 19.2% | 15.9% | −18.3% | 9.3% | 17.9% | 22.4% | 22.6% | −2.1% | 4.3% | −2.5% |
| Income quality (OCF / net income) | 1.33 | 1.57 | 1.39 | 1.29 | 1.33 | 1.09 | 1.78 | 3.67 | 35.97 | 3.77 |
| Financial health | ||||||||||
| Total debt | R 11.3M | R 17.4M | R 29.2M | R 39.7M | R 52.3M | R 54.8M | R 47.1M | R 11.0M | R 14.7M | R 16.8M |
| Cash & short-term investments | R 2.75B | R 1.31B | R 521.5M | R 2.46B | R 2.51B | R 2.18B | R 1.72B | R 279.5M | R 302.1M | R 253.7M |
| Net debt | −R 2.74B | −R 1.29B | −R 492.3M | −R 2.42B | −R 2.46B | −R 2.13B | −R 1.67B | −R 268.5M | −R 287.4M | −R 236.9M |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 |
| Debt / assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 |
| Net debt / EBITDA | −0.46 | −0.38 | −0.26 | −1.24 | −1.37 | −1.03 | −1.32 | −0.62 | −1.19 | −1.20 |
| Current ratio | 3.62 | 2.28 | 1.57 | 4.47 | 4.92 | 5.03 | 2.94 | 1.43 | 1.95 | 2.13 |
| Quick ratio | 3.07 | 1.76 | 1.08 | 3.90 | 4.30 | 4.39 | 2.50 | 0.77 | 1.23 | 1.43 |
| Interest coverage | 56.8 | 12.5 | 23.9 | 20.2 | 17.9 | 30.8 | 13.6 | 1.6 | 0.9 | -0.5 |
| Working capital | R 2.74B | R 1.28B | R 540.1M | R 2.50B | R 2.45B | R 2.14B | R 1.44B | R 197.9M | R 305.7M | R 291.4M |
| Invested capital | R 9.91B | R 7.59B | R 6.40B | R 3.85B | R 2.98B | R 2.70B | R 2.37B | R 2.42B | R 979.9M | R 1.07B |
| Tangible asset value | R 12.65B | R 8.88B | R 6.89B | R 6.27B | R 5.44B | R 4.82B | R 4.04B | R 2.62B | R 1.27B | R 1.30B |
| Net current asset value | −R 871.6M | −R 1.08B | −R 1.07B | R 1.33B | R 1.44B | R 1.15B | R 554.8M | −R 715.3M | −R 466.8M | −R 436.7M |
| Capital allocation | ||||||||||
| Dividends paid | R 749.5M | R 431.0M | R 731.7M | R 515.3M | R 513.3M | R 640.9M | R 564.5M | R 564.5M | R 42.2M | R 50.6M |
| Share buybacks (net) | — | — | — | — | — | R 1.0M | R 0 | R 300,000 | R 0 | R 0 |
| Dividend payout ratio | 18.3% | 19.2% | 55.1% | 40.2% | 45.7% | 44.5% | 88.9% | 719.1% | 649.2% | 369.3% |
| Dividends + buybacks / free cash flow | 36.4% | 34.3% | — | 101.0% | 56.2% | 54.5% | 59.6% | — | 39.1% | — |
| Capex / revenue | 31.6% | 28.6% | 47.9% | 20.8% | 11.4% | 7.5% | 4.3% | 12.6% | 5.1% | 4.7% |
| Capex / operating cash flow | 62.2% | 64.2% | 161.8% | 69.2% | 39.0% | 25.1% | 16.0% | 120.5% | 53.8% | 214.3% |
| Capex / depreciation | 6.69 | 4.91 | 9.41 | 5.27 | 2.18 | 1.57 | 0.67 | 1.44 | 0.61 | 0.48 |
| Stock-based compensation / revenue | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | −0.5% | 5.4% | 0.8% | 0.7% | 0.4% |
| SG&A / revenue | 2.2% | 2.7% | 3.2% | 3.1% | 3.1% | 1.2% | 7.4% | 3.3% | 3.6% | 3.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 13.5 | 15.8 | 14.1 | 9.1 | 9.9 | 9.1 | 8.4 | 9.6 | 13.9 | 14.4 |
| Days of inventory on hand | 39.7 | 37.8 | 36.0 | 37.5 | 35.6 | 35.7 | 39.0 | 38.4 | 32.1 | 27.0 |
| Days payables outstanding | 70.9 | 72.0 | 59.4 | 44.5 | 38.1 | 37.8 | 41.8 | 39.4 | 28.2 | 33.6 |
| Cash conversion cycle (days) | -17.7 | -18.4 | -9.3 | 2.0 | 7.3 | 7.0 | 5.6 | 8.6 | 17.9 | 7.8 |
| Receivables turnover | 27.11 | 23.08 | 25.83 | 40.27 | 36.80 | 40.30 | 43.44 | 37.97 | 26.17 | 25.36 |
| Payables turnover | 5.15 | 5.07 | 6.14 | 8.20 | 9.57 | 9.67 | 8.74 | 9.26 | 12.95 | 10.87 |
| Inventory turnover | 9.19 | 9.66 | 10.14 | 9.74 | 10.26 | 10.21 | 9.36 | 9.50 | 11.36 | 13.54 |
| Asset turnover | 0.73 | 0.73 | 0.71 | 0.72 | 0.76 | 0.88 | 0.86 | 0.86 | 1.07 | 0.99 |
| Average receivables | R 395.8M | R 341.3M | R 241.6M | R 136.5M | R 139.1M | R 130.8M | R 96.3M | R 72.8M | R 95.2M | R 92.2M |
| Average payables | R 979.6M | R 935.9M | R 721.2M | R 477.1M | R 391.0M | R 350.4M | R 336.2M | R 275.7M | R 181.3M | R 212.2M |
| Average inventory | R 549.0M | R 491.3M | R 436.8M | R 401.4M | R 364.6M | R 331.7M | R 314.0M | R 268.8M | R 206.7M | R 170.5M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.6% | 0.0% | 0.0% |
Computed from DRD's annual financial statements (latest annual report filed October 2, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in South African rand; data from EODHD. Averages use the opening and closing balance of each year.
DRD valuation and financial ratios
DRDGOLD earned a return on equity of 38.0% and a return on invested capital of 45.2% in fiscal 2026. It ended the year with R 11.3 million of debt and R 2.7 billion in cash and short-term investments, a net cash position of R 2.7 billion. It returned R 749.5 million to shareholders: R 749.5 million in dividends and R 0 in share buybacks, 36% of free cash flow.
See the DRD income statement, the DRD chart for price history, or the DRD stock overview for the latest quote and news.
DRD key metrics FAQ
What is DRDGOLD's return on equity?
DRDGOLD's return on equity (ROE) was 38.0% in fiscal 2026: net income of R 4.1 billion on average shareholders' equity of R 10.8 billion.
What is DRDGOLD's ROIC?
DRDGOLD's return on invested capital was 45.2% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does DRDGOLD have?
DRDGOLD had total debt of R 11.3 million at the end of fiscal 2026, a debt-to-equity ratio of 0.00 and more cash than debt.
What is DRDGOLD's current ratio?
DRDGOLD's current ratio was 3.62 at the end of fiscal 2026: current assets were 3.62 times current liabilities.