Overseas Education (SGX:RQ1) ROCE % : 7.00% (As of Jun. 2023)

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What is Overseas Education 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. Overseas Education's annualized ROCE % for the quarter that ended in Jun. 2023 was 7.00%.

Overseas Education ROCE % Historical Data

The historical data trend for Overseas Education'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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Overseas Education ROCE % Chart

Overseas Education Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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7.40

7.68

6.31

4.12

4.38

Overseas Education 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															5.30	2.99	4.36	4.46	7.00

Overseas Education ROCE % Calculation

Overseas Education'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 )
	=	10.355	/	( ( (282.152 - 42.227)	+	(285.105 - 52.561) )	/ 2 )
	=	10.355	/	( (239.925	+	232.544)	/ 2 )
	=	10.355	/	236.2345
	=	4.38 %

Overseas Education'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 )
	=	16.148	/	( ( (285.105 - 52.561)	+	(261.925 - 32.859) )	/ 2 )
	=	16.148	/	( ( 232.544	+	229.066 )	/ 2 )
	=	16.148	/	230.805
	=	7.00 %

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

Overseas Education (SGX:RQ1) 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.

Overseas Education ROCE % Related Terms

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Overseas Education (SGX:RQ1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Overseas Education Ltd (SGX:RQ1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

81 Pasir Ris Heights, Singapore, SGP, 519292

Website

https://www.ofs.edu.sg

Overseas Education Ltd, along with its subsidiaries, provides a fully integrated inquiry-based programme comprising the International Primary Curriculum and the International Baccalaureate curriculum to children aged between 2 and 18 years of expatriate parents. It has students from more than 70 nationalities, supported by staff members from over 30 countries. The company generates a majority of its revenue from tuition fees followed by registration fees.

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