Ascent Bridge (SGX:AWG) ROCE % : -13.41% (As of Sep. 2024)

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What is Ascent Bridge 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. Ascent Bridge's annualized ROCE % for the quarter that ended in Sep. 2024 was -13.41%.

Ascent Bridge ROCE % Historical Data

The historical data trend for Ascent Bridge'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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Ascent Bridge ROCE % Chart

Ascent Bridge Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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-4.72

-22.76

-12.87

-8.97

-10.97

Ascent Bridge Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep23	Sep24
ROCE %	Get a 7-Day Free Trial															49.40	-2.79	-13.47	-15.43	-13.41

Ascent Bridge ROCE % Calculation

Ascent Bridge's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	-5.269	/	( ( (60.192 - 5.45)	+	(55.045 - 13.754) )	/ 2 )
	=	-5.269	/	( (54.742	+	41.291)	/ 2 )
	=	-5.269	/	48.0165
	=	-10.97 %

Ascent Bridge'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: Sep. 2023 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Sep. 2023 )		(Q: Sep. 2024 )
	=	-4.17	/	( ( (39.574 - 6.284)	+	(31.945 - 3.037) )	/ 2 )
	=	-4.17	/	( ( 33.29	+	28.908 )	/ 2 )
	=	-4.17	/	31.099
	=	-13.41 %

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

Ascent Bridge (SGX:AWG) 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.

Ascent Bridge ROCE % Related Terms

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Ascent Bridge Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ascent Bridge Ltd (SGX:AWG) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

9 Temasek Boulevard, Number. 28-05 Suntec Tower Two, Singapore, SGP, 038989

Website

https://www.aei.com.sg

Ascent Bridge Ltd is a manufacturer, importer, and exporter of aluminum extrusion sections, metal materials, and other products. The segments of the company are Electronics and precision engineering which comprises mainly precision aluminum extrusions that form components of sophisticated products of the high-tech electronics and precision engineering industries which generate a majority of revenue for the company; and Construction and infrastructure building segment comprises mainly public infrastructure, building construction, interior fixtures, signage, and advertising panels in the construction, civil engineering, and infrastructure building industries.

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