Singapore Kitchen Equipment (SGX:5WG) ROCE % : -8.64% (As of Mar. 2024)

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What is Singapore Kitchen Equipment 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. Singapore Kitchen Equipment's annualized ROCE % for the quarter that ended in Mar. 2024 was -8.64%.

Singapore Kitchen Equipment ROCE % Historical Data

The historical data trend for Singapore Kitchen Equipment'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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Singapore Kitchen Equipment ROCE % Chart

Singapore Kitchen Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.09

6.91

4.77

4.67

16.42

Singapore Kitchen Equipment Quarterly Data
	Dec17	Mar18	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-13.31	40.86	4.54	34.63	-8.64

Singapore Kitchen Equipment ROCE % Calculation

Singapore Kitchen Equipment's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	4.348	/	( ( (38.279 - 15.053)	+	(41.169 - 11.446) )	/ 2 )
	=	4.348	/	( (23.226	+	29.723)	/ 2 )
	=	4.348	/	26.4745
	=	16.42 %

Singapore Kitchen Equipment's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-2.52	/	( ( (41.169 - 11.446)	+	(37.063 - 8.47) )	/ 2 )
	=	-2.52	/	( ( 29.723	+	28.593 )	/ 2 )
	=	-2.52	/	29.158
	=	-8.64 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Singapore Kitchen Equipment (SGX:5WG) 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.

Singapore Kitchen Equipment ROCE % Related Terms

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Singapore Kitchen Equipment (SGX:5WG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Singapore Kitchen Equipment Ltd (SGX:5WG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

207 Henderson Road, No. 01-01 Henderson Industrial Park, Singapore, SGP, 159550

Website

http://www.singaporekitchenequipmentltd.com

Singapore Kitchen Equipment Ltd operates as a kitchen solutions provider in Singapore. It is engaged in the provision of commercial and industrial kitchen solutions. It operates through given segments: Fabrication and Distribution business, which sells and manufactures standard and customized kitchen systems, as well as kitchen equipment to food and beverage and hospitality services industries; and Maintenance and servicing business providing back-end food preparation and cooking solutions and Rental income business which leases out kitchen equipment to customers on a short-term basis. It offers its services in Singapore and overseas, within the private and public sectors, including central kitchens, restaurants, integrated resorts, hotels and government agencies.

Singapore Kitchen Equipment (SGX:5WG) Headlines

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