Stamford Tyres (SGX:S29) ROCE % : 4.36% (As of Oct. 2024)

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What is Stamford Tyres 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. Stamford Tyres's annualized ROCE % for the quarter that ended in Oct. 2024 was 4.36%.

Stamford Tyres ROCE % Historical Data

The historical data trend for Stamford Tyres'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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Stamford Tyres ROCE % Chart

Stamford Tyres Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

ROCE %

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0.86

5.49

7.14

7.49

9.47

Stamford Tyres Semi-Annual Data
	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
ROCE %	Get a 7-Day Free Trial															6.91	8.15	7.28	12.29	4.36

Stamford Tyres ROCE % Calculation

Stamford Tyres's annualized ROCE % for the fiscal year that ended in Apr. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	12.652	/	( ( (232.612 - 95.659)	+	(210.635 - 80.423) )	/ 2 )
	=	12.652	/	( (136.953	+	130.212)	/ 2 )
	=	12.652	/	133.5825
	=	9.47 %

Stamford Tyres's ROCE % of for the quarter that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Apr. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Apr. 2024 )		(Q: Oct. 2024 )
	=	5.77	/	( ( (210.635 - 80.423)	+	(239.32 - 104.592) )	/ 2 )
	=	5.77	/	( ( 130.212	+	134.728 )	/ 2 )
	=	5.77	/	132.47
	=	4.36 %

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

Stamford Tyres (SGX:S29) 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.

Stamford Tyres ROCE % Related Terms

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Stamford Tyres Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Stamford Tyres Corp Ltd (SGX:S29) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

19 Lok Yang Way, Jurong, Singapore, SGP, 628635

Website

http://www.stamfordtyres.com

Stamford Tyres Corp Ltd is an investment holding company. The company is engaged in retailing and distribution of tyres and wheels, design and contract manufacturing of tyres for proprietary brands as well as tyre retreading, equipment trading, servicing of motor vehicles, and manufacturing and sale of aluminium alloy wheels. The company's geographical segment includes South East Asia, North Asia, Africa, and Others. It generates maximum revenue from South East Asia.

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