Abundante (SGX:570) ROCE % : 3.84% (As of Aug. 2023)

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What is Abundante 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. Abundante's annualized ROCE % for the quarter that ended in Aug. 2023 was 3.84%.

Abundante ROCE % Historical Data

The historical data trend for Abundante'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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Abundante ROCE % Chart

Abundante Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

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-24.24

-16.45

-12.53

18.07

4.41

Abundante Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
ROCE %	Get a 7-Day Free Trial															4.00	27.40	3.51	5.45	3.84

Abundante ROCE % Calculation

Abundante's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	0.791	/	( ( (19.569 - 1.427)	+	(18.868 - 1.152) )	/ 2 )
	=	0.791	/	( (18.142	+	17.716)	/ 2 )
	=	0.791	/	17.929
	=	4.41 %

Abundante's ROCE % of for the quarter that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	0.692	/	( ( (18.868 - 1.152)	+	(19.614 - 1.267) )	/ 2 )
	=	0.692	/	( ( 17.716	+	18.347 )	/ 2 )
	=	0.692	/	18.0315
	=	3.84 %

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

Abundante (SGX:570) 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.

Abundante ROCE % Related Terms

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Abundante (SGX:570) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Abundante Ltd (SGX:570) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

160 Paya Lebar Road, No. 07-09 Orion, Singapore, SGP, 409022

Website

https://www.tmcltd.com.sg

Abundante Ltd formerly Transit-Mixed Concrete Ltd is an investment holding company. It is mainly engaged in the business of supplying, concrete pumping services, and liquid waste management. It operates through two business segments, The Concrete Pumping Services segment is involved in the rental of concrete pumping services, and the Waste Management segment is engaged in the provision of waste management services including sewer pipeline inspection with a video camera. It derives income through its concrete pumping services which account for its revenues through its operations in Singapore.

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