Second Chance Properties (SGX:528) ROCE % : 4.39% (As of Feb. 2024)

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What is Second Chance Properties 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. Second Chance Properties's annualized ROCE % for the quarter that ended in Feb. 2024 was 4.39%.

Second Chance Properties ROCE % Historical Data

The historical data trend for Second Chance Properties'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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Second Chance Properties ROCE % Chart

Second Chance Properties Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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2.37

1.56

4.20

5.58

8.23

Second Chance Properties Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
ROCE %	Get a 7-Day Free Trial															3.70	7.50	7.53	8.57	4.39

Second Chance Properties ROCE % Calculation

Second Chance Properties's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	23.326	/	( ( (402.591 - 119.149)	+	(378 - 94.507) )	/ 2 )
	=	23.326	/	( (283.442	+	283.493)	/ 2 )
	=	23.326	/	283.4675
	=	8.23 %

Second Chance Properties's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	12.396	/	( ( (378 - 94.507)	+	(357.415 - 76.558) )	/ 2 )
	=	12.396	/	( ( 283.493	+	280.857 )	/ 2 )
	=	12.396	/	282.175
	=	4.39 %

(1) Note: The EBIT data used here is two times the semi-annual (Feb. 2024) EBIT data.

Second Chance Properties (SGX:528) 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.

Second Chance Properties ROCE % Related Terms

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Second Chance Properties (SGX:528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Second Chance Properties Ltd (SGX:528) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 07-20 Paya Lebar Square, Singapore, SGP, 409051

Website

http://www.secondchance.com.sg

Second Chance Properties Ltd is a Singapore-based investment holding company, retailing of readymade garments, holding of property as investment for rental income and investing in securities. The company operates in four segments: Wearing apparel; Gold & jewelry, which is the key revenue generator; Investment dealing; and Property rental. Its geographical segments include Singapore and Malaysia, of which the vast majority of the revenue comes from Singapore.

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