Sin Heng Heavy Machinery (FRA:SNVA) ROCE % : 5.98% (As of Dec. 2024)

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What is Sin Heng Heavy Machinery 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. Sin Heng Heavy Machinery's annualized ROCE % for the quarter that ended in Dec. 2024 was 5.98%.

Sin Heng Heavy Machinery ROCE % Historical Data

The historical data trend for Sin Heng Heavy Machinery'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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Sin Heng Heavy Machinery ROCE % Chart

Sin Heng Heavy Machinery Annual Data

Trend

Jun15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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0.96

4.27

3.89

8.38

6.62

Sin Heng Heavy Machinery Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															3.81	7.56	9.31	7.35	5.98

Sin Heng Heavy Machinery ROCE % Calculation

Sin Heng Heavy Machinery's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	5.431	/	( ( (87.996 - 6.854)	+	(88.897 - 5.911) )	/ 2 )
	=	5.431	/	( (81.142	+	82.986)	/ 2 )
	=	5.431	/	82.064
	=	6.62 %

Sin Heng Heavy Machinery's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	4.826	/	( ( (83.793 - 5.311)	+	(88.897 - 5.911) )	/ 2 )
	=	4.826	/	( ( 78.482	+	82.986 )	/ 2 )
	=	4.826	/	80.734
	=	5.98 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

Sin Heng Heavy Machinery (FRA:SNVA) 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.

Sin Heng Heavy Machinery ROCE % Related Terms

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Sin Heng Heavy Machinery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sin Heng Heavy Machinery Ltd (FRA:SNVA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BKA:Singapore

Address

26 Gul Road, Singapore, SGP, 629346

Website

http://www.sinheng.com.sg

Sin Heng Heavy Machinery Ltd is a lifting service provider. The core business activities are the rental and trading of cranes, aerial lifts, and other lifting equipment. The company has two reportable operating segments namely Equipment rental and Trading. Equipment rental includes the rental of cranes and aerial lifts. Trading includes trading of cranes and aerial lifts. The majority of the group's revenue comes from Singapore.

Sin Heng Heavy Machinery Headlines

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