Asian Micro Holdings (SGX:585) ROCE % : -29.38% (As of Dec. 2023)

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What is Asian Micro Holdings 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. Asian Micro Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -29.38%.

Asian Micro Holdings ROCE % Historical Data

The historical data trend for Asian Micro Holdings'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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Asian Micro Holdings ROCE % Chart

Asian Micro Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-13.35

19.30

-27.20

-6.06

-38.04

Asian Micro Holdings 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															1.61	-13.74	-26.66	-45.96	-29.38

Asian Micro Holdings ROCE % Calculation

Asian Micro Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.798	/	( ( (3.949 - 1.554)	+	(3.063 - 1.262) )	/ 2 )
	=	-0.798	/	( (2.395	+	1.801)	/ 2 )
	=	-0.798	/	2.098
	=	-38.04 %

Asian Micro Holdings'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 )
	=	-0.528	/	( ( (3.063 - 1.262)	+	(3.277 - 1.484) )	/ 2 )
	=	-0.528	/	( ( 1.801	+	1.793 )	/ 2 )
	=	-0.528	/	1.797
	=	-29.38 %

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

Asian Micro Holdings (SGX:585) 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.

Asian Micro Holdings ROCE % Related Terms

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Asian Micro Holdings (SGX:585) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Asian Micro Holdings Ltd (SGX:585) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

63 Hillview Avenue, No. 08-01 Lam Soon Industrial Building, Singapore, SGP, 669569

Website

http://www.asianmicro.com.sg

Asian Micro Holdings Ltd provides Compressed Natural Gas supply and related products and services. The company's Compressed Natural Gas supply is used for storing and transporting Compressed Natural Gas to local industries for gas cutting, heat treatment, and power generation. It is used for powering natural gas engines and off-the-road vehicles. It provides services to oil and gas, marine and offshore, aviation, shipyard, and manufacturing industries. The company also provides cleanroom-grade plastic packaging bags and materials for packaging cleaned finished products in the hard disk drive and semiconductor industries. Its segments include Manufacturing and trading, Corporate, Property business, and Natural Gas Vehicle-related business.

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