SBS Transit (SGX:S61) ROCE % : 10.61% (As of Jun. 2024)

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What is SBS Transit 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. SBS Transit's annualized ROCE % for the quarter that ended in Jun. 2024 was 10.61%.

SBS Transit ROCE % Historical Data

The historical data trend for SBS Transit'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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SBS Transit ROCE % Chart

SBS Transit Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.66

10.91

7.07

10.83

11.56

SBS Transit 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															11.23	10.41	10.72	12.13	10.61

SBS Transit ROCE % Calculation

SBS Transit'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 )
	=	89.486	/	( ( (1211.194 - 422.287)	+	(1172.196 - 412.303) )	/ 2 )
	=	89.486	/	( (788.907	+	759.893)	/ 2 )
	=	89.486	/	774.4
	=	11.56 %

SBS Transit'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 )
	=	81.23	/	( ( (1172.196 - 412.303)	+	(1136.616 - 365.196) )	/ 2 )
	=	81.23	/	( ( 759.893	+	771.42 )	/ 2 )
	=	81.23	/	765.6565
	=	10.61 %

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

SBS Transit (SGX:S61) 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.

SBS Transit ROCE % Related Terms

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SBS Transit Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SBS Transit Ltd (SGX:S61) » Definitions » ROCE %

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Address

205 Braddell Road, Singapore, SGP, 579701

Website

https://www.sbstransit.com.sg

SBS Transit Ltd is a scheduled bus service operator in Singapore. The company operates through two segments comprising Public Transport Services and Other Commercial Services. The Public Transport Services include income generated from the provision of bus and rail services to commuters traveling on public transport systems. The Other Commercial Services include income generated from advertisements on buses and trains and rental collection from commercial and shop space at bus interchanges and rail stations. The firm generates its revenue from the Public Transport Service segment.

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