SKK Holdings (SKK Holdings) ROCE % : 31.08% (As of Jun. 2023)

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What is SKK Holdings 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. SKK Holdings's annualized ROCE % for the quarter that ended in Jun. 2023 was 31.08%.

SKK Holdings ROCE % Historical Data

The historical data trend for SKK Holdings'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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SKK Holdings ROCE % Chart

SKK Holdings Annual Data

Trend

Dec21

Dec22

ROCE %

19.03

29.07

SKK Holdings Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23
ROCE %	-	24.04	40.07	31.08

SKK Holdings ROCE % Calculation

SKK Holdings'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 )
	=	2.019	/	( ( (13.095 - 3.568)	+	(12.352 - 7.99) )	/ 2 )
	=	2.019	/	( (9.527	+	4.362)	/ 2 )
	=	2.019	/	6.9445
	=	29.07 %

SKK Holdings'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 )
	=	1.324	/	( ( (12.352 - 7.99)	+	(12.557 - 8.4) )	/ 2 )
	=	1.324	/	( ( 4.362	+	4.157 )	/ 2 )
	=	1.324	/	4.2595
	=	31.08 %

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

SKK Holdings (NAS:SKK) 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.

SKK Holdings ROCE % Related Terms

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SKK Holdings (SKK Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » SKK Holdings Ltd (NAS:SKK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Website

https://www.skkworks.com.sg

SKK Holdings Ltd is a civil engineering service provider that specializes in subsurface utility works in Singapore. It construct and maintain various public works and infrastructure projects that serve the society and the environment. Its projects are primarily the subsurface work related to projects undertaken by the Public Utilities Board (PUB) and Singapore Telecommunications Limited. The nature of these projects is related to repairing of pumping mains, sewer maintenance and pipe cable laying.

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