Hong Leong Asia (SGX:H22) ROCE % : 9.27% (As of Jun. 2024)

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What is Hong Leong Asia 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. Hong Leong Asia's annualized ROCE % for the quarter that ended in Jun. 2024 was 9.27%.

Hong Leong Asia ROCE % Historical Data

The historical data trend for Hong Leong Asia'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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Hong Leong Asia ROCE % Chart

Hong Leong Asia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.95

8.38

5.53

5.42

7.19

Hong Leong Asia Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															6.85	4.16	7.80	6.27	9.27

Hong Leong Asia ROCE % Calculation

Hong Leong Asia's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	204.947	/	( ( (5316.059 - 2551.373)	+	(5495.98 - 2556.235) )	/ 2 )
	=	204.947	/	( (2764.686	+	2939.745)	/ 2 )
	=	204.947	/	2852.2155
	=	7.19 %

Hong Leong Asia's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	276.764	/	( ( (5495.98 - 2556.235)	+	(5946.599 - 2917.321) )	/ 2 )
	=	276.764	/	( ( 2939.745	+	3029.278 )	/ 2 )
	=	276.764	/	2984.5115
	=	9.27 %

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

Hong Leong Asia (SGX:H22) 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.

Hong Leong Asia ROCE % Related Terms

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Hong Leong Asia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hong Leong Asia Ltd (SGX:H22) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HOM:Germany

Address

16 Raffles Quay, No. 26-00 Hong Leong Building, Singapore, SGP, 048581

Website

https://www.hlasia.com.sg

Hong Leong Asia Ltd is the industrial manufacturing and distribution division of Hong Leong Group Singapore. It operates as the diversified industrial conglomerate in China and Southeast Asia. Its reportable segments are Diesel engines, Building materials, Rigid packaging and Air-conditioning systems. Geographically it derives key revenue from China.

Hong Leong Asia Headlines

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