Asia Enterprises Holding (SGX:A55) ROCE % : 7.98% (As of Dec. 2023)

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What is Asia Enterprises Holding 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. Asia Enterprises Holding's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.98%.

Asia Enterprises Holding ROCE % Historical Data

The historical data trend for Asia Enterprises Holding'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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Asia Enterprises Holding ROCE % Chart

Asia Enterprises Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.84

0.79

4.09

5.41

7.39

Asia Enterprises Holding 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															5.45	4.92	5.93	6.91	7.98

Asia Enterprises Holding ROCE % Calculation

Asia Enterprises Holding'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 )
	=	8.09	/	( ( (120.692 - 12.71)	+	(115.422 - 4.594) )	/ 2 )
	=	8.09	/	( (107.982	+	110.828)	/ 2 )
	=	8.09	/	109.405
	=	7.39 %

Asia Enterprises Holding'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 )
	=	8.724	/	( ( (117.859 - 10.044)	+	(115.422 - 4.594) )	/ 2 )
	=	8.724	/	( ( 107.815	+	110.828 )	/ 2 )
	=	8.724	/	109.3215
	=	7.98 %

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

Asia Enterprises Holding (SGX:A55) 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.

Asia Enterprises Holding ROCE % Related Terms

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Asia Enterprises Holding (SGX:A55) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Asia Enterprises Holding Ltd (SGX:A55) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Pioneer Sector Walk, Singapore, SGP, 627897

Website

http://www.asiaenterprises.com.sg

Asia Enterprises Holding Ltd is an investment holding firm. It's in the distribution of steel products to marine and Offshore Industries. The company operates through three segments namely, Steel distribution comprises of procuring, distributing, and trading of steel products; the Provision of steel processing segment is involved in the processing of steel materials for sale and the corporate segment is engaged in investment and management activities. Most of its revenue is earned from the Steel distribution segment. Geographically, it derives majority revenue from the Singapore market, while it also has a presence in Indonesia, Malaysia, and other countries.

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