Hiap Tong (SGX:5PO) ROCE % : 4.31% (As of Sep. 2024)

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What is Hiap Tong 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. Hiap Tong's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.31%.

Hiap Tong ROCE % Historical Data

The historical data trend for Hiap Tong'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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Hiap Tong ROCE % Chart

Hiap Tong Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-4.40

0.77

2.78

14.34

5.07

Hiap Tong Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															13.29	14.31	5.19	5.00	4.31

Hiap Tong ROCE % Calculation

Hiap Tong's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	7.339	/	( ( (196.678 - 49.616)	+	(203.671 - 61.424) )	/ 2 )
	=	7.339	/	( (147.062	+	142.247)	/ 2 )
	=	7.339	/	144.6545
	=	5.07 %

Hiap Tong's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	6.03	/	( ( (203.671 - 61.424)	+	(197.407 - 60.112) )	/ 2 )
	=	6.03	/	( ( 142.247	+	137.295 )	/ 2 )
	=	6.03	/	139.771
	=	4.31 %

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

Hiap Tong (SGX:5PO) 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.

Hiap Tong ROCE % Related Terms

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Hiap Tong Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hiap Tong Corp Ltd (SGX:5PO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Soon lee Road, Singapore, SGP, 628082

Website

https://www.hiaptong.com

Hiap Tong Corp Ltd is mainly involved in renting cranes, prime movers, heavy machinery, and equipment and trading cranes and heavy equipment. The company's products are used by the marine, petrochemical, and construction industries. It operates in two segments namely lifting and haulage services, and manpower services. The company also provides load test and drop test services for marine offshore and engineering industries. Its geographical segments include Singapore and Malaysia, of which the majority of the revenue comes from Singapore.

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