HG Metal Manufacturing (SGX:BTG) ROCE % : 5.64% (As of Dec. 2023)

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What is HG Metal Manufacturing 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. HG Metal Manufacturing's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.64%.

HG Metal Manufacturing ROCE % Historical Data

The historical data trend for HG Metal Manufacturing'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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HG Metal Manufacturing ROCE % Chart

HG Metal Manufacturing Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.55

2.03

10.05

5.26

0.94

HG Metal Manufacturing 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															10.20	11.76	-1.93	-3.62	5.64

HG Metal Manufacturing ROCE % Calculation

HG Metal Manufacturing'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 )
	=	1.132	/	( ( (158.275 - 36.857)	+	(137.058 - 18.162) )	/ 2 )
	=	1.132	/	( (121.418	+	118.896)	/ 2 )
	=	1.132	/	120.157
	=	0.94 %

HG Metal Manufacturing'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 )
	=	6.454	/	( ( (128.379 - 18.527)	+	(137.058 - 18.162) )	/ 2 )
	=	6.454	/	( ( 109.852	+	118.896 )	/ 2 )
	=	6.454	/	114.374
	=	5.64 %

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

HG Metal Manufacturing (SGX:BTG) 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.

HG Metal Manufacturing ROCE % Related Terms

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HG Metal Manufacturing (SGX:BTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » HG Metal Manufacturing Ltd (SGX:BTG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Jalan Buroh, Singapore, SGP, 619484

Website

http://www.hgmetal.com

HG Metal Manufacturing Ltd is involved in the steel business. The company has business units which include HG Distribution, HG Construction Steel, HG Coupler, and Thread. The operating segment of the company is Trading Segment, Manufacturing Segment, and Others. The trading segment is a supplier of steel products and includes the holding of investments in subsidiaries in the business of steel distribution and provision of industrial steel services. The manufacturing segment produces construction steel products and provides related engineering services. Others include those which do not fall in the trading and manufacturing segment. The majority is from the manufacturing segment. Geographically, the majority is derived from Singapore.