Spindex Industries (SGX:564) ROCE % : 9.80% (As of Dec. 2023)

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What is Spindex Industries 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. Spindex Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.80%.

Spindex Industries ROCE % Historical Data

The historical data trend for Spindex Industries'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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Spindex Industries ROCE % Chart

Spindex Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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15.36

11.71

17.29

13.57

9.24

Spindex Industries Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															13.93	13.26	9.62	9.05	9.80

Spindex Industries ROCE % Calculation

Spindex Industries's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	15.171	/	( ( (231.941 - 63.66)	+	(205.756 - 45.598) )	/ 2 )
	=	15.171	/	( (168.281	+	160.158)	/ 2 )
	=	15.171	/	164.2195
	=	9.24 %

Spindex Industries's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	15.802	/	( ( (205.756 - 45.598)	+	(205.937 - 43.585) )	/ 2 )
	=	15.802	/	( ( 160.158	+	162.352 )	/ 2 )
	=	15.802	/	161.255
	=	9.80 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Spindex Industries (SGX:564) 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.

Spindex Industries ROCE % Related Terms

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Spindex Industries (SGX:564) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Spindex Industries Ltd (SGX:564) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Boon Lay Way, No.10-03, 8 at TradeHub 21, Singapore, SGP, 609964

Website

https://www.spindex.com.sg

Spindex Industries Ltd is a manufacturer, importer, exporter, and dealer of mechanical, electrical, and electronic parts. The company's operating segment includes Imaging and printing; Machinery and automotive systems and Others. It generates maximum revenue from the Machinery and automotive systems segment. Geographically, it derives a majority of revenue from USA, Europe and others and also has a presence in Singapore; ASEAN and China.

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