ComfortDelGro (ComfortDelGro) ROCE % : 9.40% (As of Dec. 2023)

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What is ComfortDelGro 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. ComfortDelGro's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.40%.

ComfortDelGro ROCE % Historical Data

The historical data trend for ComfortDelGro'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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ComfortDelGro ROCE % Chart

ComfortDelGro Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.25

3.21

5.17

7.57

8.41

ComfortDelGro 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															3.40	8.93	5.92	7.27	9.40

ComfortDelGro ROCE % Calculation

ComfortDelGro'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 )
	=	227.385	/	( ( (3478.251 - 769.936)	+	(3520.531 - 819.458) )	/ 2 )
	=	227.385	/	( (2708.315	+	2701.073)	/ 2 )
	=	227.385	/	2704.694
	=	8.41 %

ComfortDelGro'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 )
	=	255.086	/	( ( (3471.847 - 744.763)	+	(3520.531 - 819.458) )	/ 2 )
	=	255.086	/	( ( 2727.084	+	2701.073 )	/ 2 )
	=	255.086	/	2714.0785
	=	9.40 %

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

ComfortDelGro (OTCPK:CDGLY) 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.

ComfortDelGro ROCE % Related Terms

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ComfortDelGro (ComfortDelGro) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ComfortDelGro Corp Ltd (OTCPK:CDGLY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

C52:Singapore VZ1:Germany

Address

205 Braddell Road, Singapore, SGP, 579701

Website

https://www.comfortdelgro.com

ComfortDelGro Corp Ltd is a passenger transportation company. The company organizes itself into seven segments; Public transport services offer the provision of bus and rail services to commuters traveling on public transport systems, Taxi rents out taxis operates taxi bureau services and ancillary advertisement income, Automotive engineering services offer the provision of vehicular maintenance and repair services and engineering services, Inspection and testing services offer the provision of motor vehicle inspection services, non-vehicle testing, and consultancy services, The driving center operates driving schools, Car rental and leasing comprise renting and leasing of cars, and Bus station generates income through commission income from fare collection.