Darco Water Technologies (SGX:BLR) ROCE % : 4.46% (As of Jun. 2023)

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What is Darco Water Technologies 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. Darco Water Technologies's annualized ROCE % for the quarter that ended in Jun. 2023 was 4.46%.

Darco Water Technologies ROCE % Historical Data

The historical data trend for Darco Water Technologies'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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Darco Water Technologies ROCE % Chart

Darco Water Technologies Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-2.40

-22.61

4.56

-15.92

3.96

Darco Water Technologies Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-9.55	-21.54	-1.93	9.84	4.46

Darco Water Technologies ROCE % Calculation

Darco Water Technologies's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	1.576	/	( ( (83.651 - 45.432)	+	(86.97 - 45.66) )	/ 2 )
	=	1.576	/	( (38.219	+	41.31)	/ 2 )
	=	1.576	/	39.7645
	=	3.96 %

Darco Water Technologies's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	1.9	/	( ( (86.97 - 45.66)	+	(84.333 - 40.435) )	/ 2 )
	=	1.9	/	( ( 41.31	+	43.898 )	/ 2 )
	=	1.9	/	42.604
	=	4.46 %

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

Darco Water Technologies (SGX:BLR) 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.

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Darco Water Technologies (SGX:BLR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Darco Water Technologies Ltd (SGX:BLR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 Lower Delta Road, No. 04-03 Cendex Centre, Singapore, SGP, 169208

Website

https://www.darcowater.com

Darco Water Technologies Ltd is a provider of integrated engineering and knowledge-based water and waste water treatment solutions, and vacuum systems with a global presence in China, Malaysia and Singapore. It is also an Engineering, Procurement, and Construction player specializing in industrial water treatment. The company's segments include EE Systems that designs, fabricates, assembles, installs and commissions engineered water systems for industrial application; WM Services which services and maintains water and wastewater treatment plants; and Trading is engaged in the trade and supplies of goods comprising chemicals, electrical controls and related instruments used in water treatment systems.

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