Abundance International (SGX:541) ROCE % : 4.36% (As of Jun. 2024)

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What is Abundance International 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. Abundance International's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.36%.

Abundance International ROCE % Historical Data

The historical data trend for Abundance International'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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Abundance International ROCE % Chart

Abundance International Annual Data

Trend

Sep13

Sep14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.29

-2.49

21.93

5.13

0.38

Abundance International Semi-Annual Data
	Mar14	Sep14	Mar15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															8.23	2.34	2.26	-1.55	4.36

Abundance International ROCE % Calculation

Abundance International'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 )
	=	0.214	/	( ( (98.546 - 39.408)	+	(92 - 37.736) )	/ 2 )
	=	0.214	/	( (59.138	+	54.264)	/ 2 )
	=	0.214	/	56.701
	=	0.38 %

Abundance International's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	2.35	/	( ( (92 - 37.736)	+	(99.335 - 45.721) )	/ 2 )
	=	2.35	/	( ( 54.264	+	53.614 )	/ 2 )
	=	2.35	/	53.939
	=	4.36 %

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

Abundance International (SGX:541) 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.

Abundance International ROCE % Related Terms

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Abundance International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Abundance International Ltd (SGX:541) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

9 Joo Koon Circle, Singapore, SGP, 629041

Website

https://www.abundance.com.sg

Abundance International Ltd is engaged in the chemical manufacturing and trading of equipment, accessories, consumables, or peripherals used in the chemical industry and other related businesses. In addition, it is also investing in companies and other entities through equity, securities, and other instruments. It is organized into the following reportable operating segments, Chemicals, Printing, and Investment segment. The company derives the maximum revenue from the Chemicals segment. Its primary geographic markets are China and other countries in Asia of which China contributes most of the total revenue.

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