Jardine Cycle & Carriage (STU:CYC) ROCE % : 14.97% (As of Jun. 2024)

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What is Jardine Cycle & Carriage 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. Jardine Cycle & Carriage's annualized ROCE % for the quarter that ended in Jun. 2024 was 14.97%.

Jardine Cycle & Carriage ROCE % Historical Data

The historical data trend for Jardine Cycle & Carriage'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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Jardine Cycle & Carriage ROCE % Chart

Jardine Cycle & Carriage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.10

8.08

11.99

16.45

17.80

Jardine Cycle & Carriage 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															18.55	13.56	19.51	16.70	14.97

Jardine Cycle & Carriage ROCE % Calculation

Jardine Cycle & Carriage'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 )
	=	3641.224	/	( ( (27595.858 - 7958.675)	+	(29704.931 - 8433.832) )	/ 2 )
	=	3641.224	/	( (19637.183	+	21271.099)	/ 2 )
	=	3641.224	/	20454.141
	=	17.80 %

Jardine Cycle & Carriage'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 )
	=	3186.098	/	( ( (29704.931 - 8433.832)	+	(29516.374 - 8233.634) )	/ 2 )
	=	3186.098	/	( ( 21271.099	+	21282.74 )	/ 2 )
	=	3186.098	/	21276.9195
	=	14.97 %

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

Jardine Cycle & Carriage (STU:CYC) 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.

Jardine Cycle & Carriage ROCE % Related Terms

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Jardine Cycle & Carriage Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Jardine Cycle & Carriage Ltd (STU:CYC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

JCYGY:USA JCYCF:USA C07:Singapore

Address

239 Alexandra Road, Singapore, SGP, 159930

Website

https://www.jcclgroup.com

Jardine Cycle & Carriage Ltd is an investment holding conglomerate focused on investments in the manufacture and distribution of motor vehicles in Southeast Asia. its segments are Astra, Thaco, direct motor interests, and other interests. The Astra segment includes the company's controlling interest in Astra International, an automotive group in Southeast Asia; THACO is a multi-industry group; Direct Motor extensive dealership network across Southeast Asia. The Other Strategic interests segment includes Southeast Asia investments in Siam City Cement and Refrigeration Electrical Engineering Corporation.

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