Credit Bureau Asia (SGX:TCU) ROCE % : 39.81% (As of Dec. 2023)

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What is Credit Bureau 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. Credit Bureau Asia's annualized ROCE % for the quarter that ended in Dec. 2023 was 39.81%.

Credit Bureau Asia ROCE % Historical Data

The historical data trend for Credit Bureau 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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Credit Bureau Asia ROCE % Chart

Credit Bureau Asia Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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62.58

45.79

34.56

34.97

39.51

Credit Bureau Asia Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							33.09	34.23	35.80	39.60	39.81

Credit Bureau Asia ROCE % Calculation

Credit Bureau 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 )
	=	26.81	/	( ( (88.153 - 22.44)	+	(93.723 - 23.726) )	/ 2 )
	=	26.81	/	( (65.713	+	69.997)	/ 2 )
	=	26.81	/	67.855
	=	39.51 %

Credit Bureau Asia's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	27.306	/	( ( (90.496 - 23.316)	+	(93.723 - 23.726) )	/ 2 )
	=	27.306	/	( ( 67.18	+	69.997 )	/ 2 )
	=	27.306	/	68.5885
	=	39.81 %

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

Credit Bureau Asia (SGX:TCU) 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.

Credit Bureau Asia ROCE % Related Terms

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Credit Bureau Asia (SGX:TCU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Credit Bureau Asia Ltd (SGX:TCU) » Definitions » ROCE %

Comparable Companies

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N/A

Address

6 Shenton Way, No. 17-10 OUE Downtown 2, Singapore, SGP, 068809

Website

https://www.creditbureauasia.com

Credit Bureau Asia Ltd is a provider of credit and risk information solutions in Southeast Asia. The company provides credit and risk information solutions to a client base of banks, financial institutions, multinational corporations, telecommunication companies, government bodies and public agencies, local enterprises, and individuals across Singapore, Malaysia, Cambodia, and Myanmar (the Territories). It assists its customers to make informed, timely decisions by enhancing their risk assessment and decision-making processes with the help of products and services which include credit and risk information reports, credit scores, monitoring services, data trends and analytics, and client-specific tailored solutions.

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