Lum Chang Holdings (SGX:L19) ROCE % : 6.70% (As of Dec. 2023)

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What is Lum Chang 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. Lum Chang Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.70%.

Lum Chang Holdings ROCE % Historical Data

The historical data trend for Lum Chang 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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Lum Chang Holdings ROCE % Chart

Lum Chang Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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7.88

0.94

3.40

-2.24

-7.96

Lum Chang 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															3.74	-9.72	1.39	-18.53	6.70

Lum Chang Holdings ROCE % Calculation

Lum Chang Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-20.274	/	( ( (460.199 - 182.648)	+	(441.764 - 209.615) )	/ 2 )
	=	-20.274	/	( (277.551	+	232.149)	/ 2 )
	=	-20.274	/	254.85
	=	-7.96 %

Lum Chang 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 )
	=	15.59	/	( ( (441.764 - 209.615)	+	(436.832 - 203.704) )	/ 2 )
	=	15.59	/	( ( 232.149	+	233.128 )	/ 2 )
	=	15.59	/	232.6385
	=	6.70 %

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

Lum Chang Holdings (SGX:L19) 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.

Lum Chang Holdings ROCE % Related Terms

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Lum Chang Holdings (SGX:L19) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Lum Chang Holdings Ltd (SGX:L19) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Kung Chong Road, No. 08-01 Lum Chang Building, Singapore, SGP, 159150

Website

http://www.lumchang.com.sg

Lum Chang Holdings Ltd is a construction company. It operates through the following segments: Construction; Property Development and Investment; Interior Contracting and Investment Holding and Other. The Construction segment which derives the majority of revenue engages in the construction of buildings and building extensions, additions and alteration, refurbishment, and restoration of buildings. The Property Development and Investment segment develops property for sale and holds properties for the investment purposes of the company. The Investment Holding and Others segment is the holding of investments and provision of management services to the companies within the group.

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