Sound Global (HKSE:00967) ROCE % : 13.29% (As of Jun. 2019)

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What is Sound Global 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. Sound Global's annualized ROCE % for the quarter that ended in Jun. 2019 was 13.29%.

Sound Global ROCE % Historical Data

The historical data trend for Sound Global'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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Sound Global ROCE % Chart

Sound Global Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

ROCE %

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15.51

14.94

10.18

5.95

-2.35

Sound Global Semi-Annual Data
	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19
ROCE %	Get a 7-Day Free Trial															11.61	0.81	11.76	-16.21	13.29

Sound Global ROCE % Calculation

Sound Global's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	-308.487	/	( ( (21829.249 - 7779.333)	+	(25387.876 - 13208.635) )	/ 2 )
	=	-308.487	/	( (14049.916	+	12179.241)	/ 2 )
	=	-308.487	/	13114.5785
	=	-2.35 %

Sound Global's ROCE % of for the quarter that ended in Jun. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2019 )		(Q: Dec. 2018 )		(Q: Jun. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2019 )		(Q: Dec. 2018 )		(Q: Jun. 2019 )
	=	1817.006	/	( ( (25387.876 - 13208.635)	+	(27290.474 - 12125.745) )	/ 2 )
	=	1817.006	/	( ( 12179.241	+	15164.729 )	/ 2 )
	=	1817.006	/	13671.985
	=	13.29 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2019) EBIT data.

Sound Global (HKSE:00967) 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.

Sound Global ROCE % Related Terms

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Sound Global (HKSE:00967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Sound Global Ltd (HKSE:00967) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

460 Alexandra Road, Fragrance Empire Building Number 04-03, Singapore, SGP, 119962

Website

http://www.soundglobal.com.sg

Sound Global Ltd is a utilities service provider. Its business mainly involves the provision of water supply and wastewater treatment solutions. The group develops proprietary technologies and customizes them into effective turnkey solutions for industrial and municipal projects. It is engaged in three operating segments, namely Turnkey Projects and Services, which is the key revenue generator; Equipment Fabrications; and Operations and maintenance of water supply and wastewater treatment facilities.

Executives

Century Plus Limited	2101 Beneficial owner
China Cinda Asset Management Co., Ltd.	2201 Interest of corporation controlled by you
Cinda Investment Co., Ltd.	2201 Interest of corporation controlled by you
Cui Wanlin	2201 Interest of corporation controlled by you
Jin Si Fang Investment (beijing) Company Limited	2201 Interest of corporation controlled by you
Ningbo Meishan Baoshuigangqu Jinxin Tairun Investment Partnership (limited Partnership)	2201 Interest of corporation controlled by you
Hainan Jianxin Investment Management Co., Ltd.	2201 Interest of corporation controlled by you
Wen Yibo	2201 Interest of corporation controlled by you
Zhang Huiming	2202 Interest of your spouse
Sound Water (bvi) Limited	2101 Beneficial owner
Changxing Sound Investment Partnership (limited Partnership)	2106 Person having a security interest in shares
Shoutai Jinxin (beijing ) Fund Investment & Management Co. Ltd	2201 Interest of corporation controlled by you
Shoutai Jinxin (changxing) Investment & Management Co. Ltd.	2201 Interest of corporation controlled by you

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