Riverstone Holdings (SGX:AP4) ROCE % : 18.85% (As of Dec. 2023)

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What is Riverstone 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. Riverstone Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.85%.

Riverstone Holdings ROCE % Historical Data

The historical data trend for Riverstone 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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Riverstone Holdings ROCE % Chart

Riverstone Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.49

76.21

97.45

18.81

14.74

Riverstone Holdings Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															11.47	12.54	13.43	16.45	18.85

Riverstone Holdings ROCE % Calculation

Riverstone 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 )
	=	79.899	/	( ( (619.19 - 32.53)	+	(521.969 - 24.191) )	/ 2 )
	=	79.899	/	( (586.66	+	497.778)	/ 2 )
	=	79.899	/	542.219
	=	14.74 %

Riverstone 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	96.784	/	( ( (551.037 - 21.695)	+	(521.969 - 24.191) )	/ 2 )
	=	96.784	/	( ( 529.342	+	497.778 )	/ 2 )
	=	96.784	/	513.56
	=	18.85 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Riverstone Holdings (SGX:AP4) 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.

Riverstone Holdings ROCE % Related Terms

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Riverstone Holdings (SGX:AP4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Riverstone Holdings Ltd (SGX:AP4) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

80 Robinson Road, No. 02-00, Singapore, SGP, 068898

Website

https://www.riverstone.com.my

Riverstone Holdings Ltd is an investment holding company. The company is engaged in the manufacture and sale of gloves and non-glove consumables such as finger cots, static shielding bags, face masks, wipers, and packaging materials. The group's products are widely qualified and used in the Hard Disk Drive, semiconductor, and healthcare industries. It operates in three segments based on its geography: Malaysia, Thailand, China, and Others, of which the majority of its revenue comes from Malaysia.

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