Hock Lian Seng Holdings (SGX:J2T) ROCE % : 10.13% (As of Dec. 2023)

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What is Hock Lian Seng Holdings 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. Hock Lian Seng Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.13%.

Hock Lian Seng Holdings ROCE % Historical Data

The historical data trend for Hock Lian Seng Holdings'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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Hock Lian Seng Holdings ROCE % Chart

Hock Lian Seng Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.37

0.85

6.32

2.61

6.68

Hock Lian Seng Holdings 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															8.94	1.42	3.82	3.29	10.13

Hock Lian Seng Holdings ROCE % Calculation

Hock Lian Seng Holdings'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 )
	=	16.648	/	( ( (345.338 - 106.685)	+	(340.996 - 81.273) )	/ 2 )
	=	16.648	/	( (238.653	+	259.723)	/ 2 )
	=	16.648	/	249.188
	=	6.68 %

Hock Lian Seng Holdings'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 )
	=	25.396	/	( ( (340.736 - 98.811)	+	(340.996 - 81.273) )	/ 2 )
	=	25.396	/	( ( 241.925	+	259.723 )	/ 2 )
	=	25.396	/	250.824
	=	10.13 %

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

Hock Lian Seng Holdings (SGX:J2T) 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.

Hock Lian Seng Holdings ROCE % Related Terms

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Hock Lian Seng Holdings (SGX:J2T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hock Lian Seng Holdings Ltd (SGX:J2T) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Marine Parade Road, No. 16-08 Parkway Parade, Singapore, SGP, 449269

Website

https://www.hlsgroup.com.sg

Hock Lian Seng Holdings Ltd is a Singapore-based civil engineering group. It is engaged in undertaking a wide range of civil engineering projects for both the public and private sectors in Singapore. The firm's customers include government and government-related bodies of Singapore, such as the land transport authority, housing development board, PSA Singapore terminals, public utility board, and civil aviation authority. It is also engaged in property development and property investment businesses. The operating segments of the group are Civil engineering, Property development, and Properties investment, of which the majority of its revenue comes from the Civil engineering segment. The group services all of its revenue from Singapore.

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