Hyflux (SGX:600) ROCE % : -250.68% (As of Sep. 2018)

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What is Hyflux 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. Hyflux's annualized ROCE % for the quarter that ended in Sep. 2018 was -250.68%.

Hyflux ROCE % Historical Data

The historical data trend for Hyflux'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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Hyflux ROCE % Chart

Hyflux Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

ROCE %

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4.11

4.01

4.18

7.59

0.83

Hyflux Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
ROCE %	Get a 7-Day Free Trial															2.18	-7.35	2.68	-18.32	-250.68

Hyflux ROCE % Calculation

Hyflux's annualized ROCE % for the fiscal year that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	21.364	/	( ( (3842.403 - 907.548)	+	(3653.225 - 1432.069) )	/ 2 )
	=	21.364	/	( (2934.855	+	2221.156)	/ 2 )
	=	21.364	/	2578.0055
	=	0.83 %

Hyflux's ROCE % of for the quarter that ended in Sep. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2018 )		(Q: Jun. 2018 )		(Q: Sep. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2018 )		(Q: Jun. 2018 )		(Q: Sep. 2018 )
	=	-3838.44	/	( ( (3567.136 - 1447.082)	+	(2574.212 - 1631.818) )	/ 2 )
	=	-3838.44	/	( ( 2120.054	+	942.394 )	/ 2 )
	=	-3838.44	/	1531.224
	=	-250.68 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2018) EBIT data.

Hyflux (SGX:600) 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.

Hyflux ROCE % Related Terms

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Hyflux (SGX:600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hyflux Ltd (SGX:600) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Bendemeer Road, Hyflux Innovation Centre, Singapore, SGP, 339949

Website

http://www.hyflux.com

Hyflux Ltd through its subsidiaries is engaged in seawater desalination, raw water purification, wastewater cleaning, water recycling, water reclamation and ultra-pure water production for municipal and industrial clients as well as home consumer, filtration, and purification products. The company operates through two segments: Municipal and Industrial. The Municipal segment supplies a range of water and fluid treatment solutions to municipalities and governments, including commissioning, operation, and maintenance of a range of water treatment and liquid separation plants. The Industrial segment includes liquid separation applications for the manufacturing sector, such as the pharmaceutical, biotechnology, food processing, and petrochemical oil-related industries.

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