Avarga (SGX:U09) ROCE % : 1.59% (As of Dec. 2023)

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What is Avarga 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. Avarga's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.59%.

Avarga ROCE % Historical Data

The historical data trend for Avarga'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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Avarga ROCE % Chart

Avarga Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.68

26.52

30.52

22.72

8.46

Avarga 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															3.12	33.73	10.05	14.89	1.59

Avarga ROCE % Calculation

Avarga'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 )
	=	45.916	/	( ( (725.804 - 186.955)	+	(707.941 - 161.309) )	/ 2 )
	=	45.916	/	( (538.849	+	546.632)	/ 2 )
	=	45.916	/	542.7405
	=	8.46 %

Avarga'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 )
	=	8.894	/	( ( (757.407 - 181.974)	+	(707.941 - 161.309) )	/ 2 )
	=	8.894	/	( ( 575.433	+	546.632 )	/ 2 )
	=	8.894	/	561.0325
	=	1.59 %

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

Avarga (SGX:U09) 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.

Avarga ROCE % Related Terms

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Avarga (SGX:U09) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Avarga Ltd (SGX:U09) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Kim Seng Promenade, No. 13-10 Great World City West Lobby, Singapore, SGP, 237994

Website

https://www.avarga.com.sg

Avarga Ltd is an investment holding company. It provides trading of paper products. It has four reportable operating segments The Paper Mill division manufactures and sells industrial-grade paper products, collect and trades in waste paper products, the Power division operates a 50 MW gas-fired generating plant in Ywama, Myanmar, the Wholesale distribution segment of building products in Canada, United States and overseas and Others which included investment and corporate segment focus on identifying new investment opportunities locally and overseas. It derives revenues from the Wholesale distribution segment. It operates geographically in Singapore, Canada, the United States, Malaysia, and others. The majority of the revenue comes from Canada.

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