Hoe Leong (SGX:H20) ROCE % : 0.40% (As of Dec. 2024)

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What is Hoe Leong 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. Hoe Leong's annualized ROCE % for the quarter that ended in Dec. 2024 was 0.40%.

Hoe Leong ROCE % Historical Data

The historical data trend for Hoe Leong'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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Hoe Leong ROCE % Chart

Hoe Leong Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-1.99

6.23

4.01

3.40

3.98

Hoe Leong Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															-	-2.59	9.39	7.49	0.40

Hoe Leong ROCE % Calculation

Hoe Leong's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	1.162	/	( ( (45.02 - 15.381)	+	(44.685 - 15.961) )	/ 2 )
	=	1.162	/	( (29.639	+	28.724)	/ 2 )
	=	1.162	/	29.1815
	=	3.98 %

Hoe Leong's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	0.116	/	( ( (45.033 - 15.68)	+	(44.685 - 15.961) )	/ 2 )
	=	0.116	/	( ( 29.353	+	28.724 )	/ 2 )
	=	0.116	/	29.0385
	=	0.40 %

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

Hoe Leong (SGX:H20) 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.

Hoe Leong ROCE % Related Terms

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Hoe Leong Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Hoe Leong Corp Ltd (SGX:H20) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Clementi Loop, Singapore, SGP, 129814

Website

https://www.hoeleong.com

Hoe Leong Corp Ltd is engaged in the designing, manufacturing, sale, and distribution of machinery parts and vessel chartering business. The operating segment of the company is Design and manufacture and Trading and distribution. The Design and manufacture segment, which is the key revenue driver for the company, is involved in the design, manufacture, and sale of equipment parts for heavy equipment and industrial machinery. Its Trading and distribution segment comprises trading and distribution of equipment parts for both heavy equipment and industrial machinery sourced from third parties.

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