Tat Seng Packaging Group (SGX:T12) ROCE % : 12.79% (As of Jun. 2024)

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What is Tat Seng Packaging Group 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. Tat Seng Packaging Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 12.79%.

Tat Seng Packaging Group ROCE % Historical Data

The historical data trend for Tat Seng Packaging Group'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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Tat Seng Packaging Group ROCE % Chart

Tat Seng Packaging Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.93

17.99

16.55

12.23

12.83

Tat Seng Packaging Group 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															12.93	11.29	10.81	15.03	12.79

Tat Seng Packaging Group ROCE % Calculation

Tat Seng Packaging Group'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 )
	=	27.049	/	( ( (307.876 - 100.161)	+	(321.89 - 107.894) )	/ 2 )
	=	27.049	/	( (207.715	+	213.996)	/ 2 )
	=	27.049	/	210.8555
	=	12.83 %

Tat Seng Packaging Group'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 )
	=	27.902	/	( ( (321.89 - 107.894)	+	(326.368 - 104.074) )	/ 2 )
	=	27.902	/	( ( 213.996	+	222.294 )	/ 2 )
	=	27.902	/	218.145
	=	12.79 %

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

Tat Seng Packaging Group (SGX:T12) 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.

Tat Seng Packaging Group ROCE % Related Terms

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Tat Seng Packaging Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Tat Seng Packaging Group Ltd (SGX:T12) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Senoko Drive, Singapore, SGP, 758214

Website

http://www.tspg.sg

Tat Seng Packaging Group Ltd is engaged in manufacturing and sales of corrugated paper products and other packaging products. The company designs, manufactures and sells corrugated paper packaging products for the packing of a diverse range of products according to customers' specifications. Its key products include corrugated paper boards, corrugated paper cartons, die-cut boxes, assembly cartons and heavy duty corrugated paper products. It also carries and sells a range of other packaging related products. Its segments include Singapore and PRC with majority of the revenue deriving from PRC.

Tat Seng Packaging Group Headlines

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