Polaris (SGX:5BI) ROCE % : -27.44% (As of Dec. 2023)

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What is Polaris 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. Polaris's annualized ROCE % for the quarter that ended in Dec. 2023 was -27.44%.

Polaris ROCE % Historical Data

The historical data trend for Polaris'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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Polaris ROCE % Chart

Polaris Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.97

-0.68

0.85

-32.54

-22.40

Polaris 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															-2.94	-4.56	-58.41	-15.76	-27.44

Polaris ROCE % Calculation

Polaris'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 )
	=	-2.248	/	( ( (13.382 - 1.992)	+	(10.558 - 1.875) )	/ 2 )
	=	-2.248	/	( (11.39	+	8.683)	/ 2 )
	=	-2.248	/	10.0365
	=	-22.40 %

Polaris'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 )
	=	-2.72	/	( ( (12.546 - 1.401)	+	(10.558 - 1.875) )	/ 2 )
	=	-2.72	/	( ( 11.145	+	8.683 )	/ 2 )
	=	-2.72	/	9.914
	=	-27.44 %

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

Polaris (SGX:5BI) 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.

Polaris ROCE % Related Terms

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Polaris (SGX:5BI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Polaris Ltd (SGX:5BI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

81 Ubi Avenue 4, Number 03-11 UB.One, Singapore, SGP, 6309 9088

Website

https://www.wearepolaris.sg

Polaris Ltd is engaged in the distribution and retail of smart mobile devices and lifestyle electronics. Its segments include the Distribution segment, which engages in the distribution of mobile handsets and accessories; the Pre-owned luxury goods segment, which engages in the business of importing and exporting pre-owned luxury goods and premium lifestyle products; the Consumer electronics segment, which engages in the corporate sale of telecommunication, IT, educational robotics, and consumer electronics products; Customer services segment, which provides after-market services to end consumers for equipment repairs, refurbishments, and technical services; and Corporate segment, which is involved in Group-level corporate services, treasury functions, and investments.

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