Tung Lok Restaurants(2000) (SGX:540) ROCE % : 5.99% (As of Sep. 2023)

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What is Tung Lok Restaurants(2000) 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. Tung Lok Restaurants(2000)'s annualized ROCE % for the quarter that ended in Sep. 2023 was 5.99%.

Tung Lok Restaurants(2000) ROCE % Historical Data

The historical data trend for Tung Lok Restaurants(2000)'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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Tung Lok Restaurants(2000) ROCE % Chart

Tung Lok Restaurants(2000) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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6.10

-9.77

7.27

-5.30

20.65

Tung Lok Restaurants(2000) Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															-31.23	18.32	12.42	28.20	5.99

Tung Lok Restaurants(2000) ROCE % Calculation

Tung Lok Restaurants(2000)'s annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	5.977	/	( ( (41.958 - 14.027)	+	(48.045 - 18.096) )	/ 2 )
	=	5.977	/	( (27.931	+	29.949)	/ 2 )
	=	5.977	/	28.94
	=	20.65 %

Tung Lok Restaurants(2000)'s ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	1.974	/	( ( (48.045 - 18.096)	+	(53.818 - 17.853) )	/ 2 )
	=	1.974	/	( ( 29.949	+	35.965 )	/ 2 )
	=	1.974	/	32.957
	=	5.99 %

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

Tung Lok Restaurants(2000) (SGX:540) 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.

Tung Lok Restaurants(2000) ROCE % Related Terms

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Tung Lok Restaurants(2000) (SGX:540) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tung Lok Restaurants(2000) Ltd (SGX:540) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Tai Seng Street, Number 02-01, Singapore, SGP, 534057

Website

https://www.tunglok.com

Tung Lok Restaurants(2000) Ltd operates restaurant chains. In addition, the company also provides outdoor events catering services. Its restaurants include LingZhi Vegetarian, Dancing Crab, Shin Yeh, TungLok Teahouse, Slappy Cakes, My Humble House, and TungLok Signatures. The company has operations in Singapore and the People's Republic of China of which Singapore contributes the vast majority of total revenue. It operates in the following business segments: Restaurant, Catering, Manufacturing, and Other. The Restaurant segment generates the majority of revenue for the company.

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