YY Group Holding (YY Group Holding) ROCE % : 58.31% (As of Dec. 2023)

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What is YY Group Holding 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. YY Group Holding's annualized ROCE % for the quarter that ended in Dec. 2023 was 58.31%.

YY Group Holding ROCE % Historical Data

The historical data trend for YY Group Holding'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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YY Group Holding ROCE % Chart

YY Group Holding Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

46.04

64.83

34.56

YY Group Holding Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-	111.48	46.16	3.90	58.31

YY Group Holding ROCE % Calculation

YY Group Holding'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 )
	=	1.198	/	( ( (5.768 - 3.515)	+	(10.67 - 5.99) )	/ 2 )
	=	1.198	/	( (2.253	+	4.68)	/ 2 )
	=	1.198	/	3.4665
	=	34.56 %

YY Group Holding'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 )
	=	2.292	/	( ( (8.64 - 5.459)	+	(10.67 - 5.99) )	/ 2 )
	=	2.292	/	( ( 3.181	+	4.68 )	/ 2 )
	=	2.292	/	3.9305
	=	58.31 %

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

YY Group Holding (NAS:YYGH) 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.

YY Group Holding ROCE % Related Terms

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YY Group Holding (YY Group Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » YY Group Holding Ltd (NAS:YYGH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, 05-43 Paya Lebar Square, Singapore, SGP, 409051

Website

https://www.yygroupholding.com

YY Group Holding Ltd is a data and technology driven company focused on developing enterprise intelligent labor matching services and smart cleaning services founded in Singapore. It provides enterprise manpower outsourcing and smart cleaning services in Singapore and Malaysia. The group has two operating segment, which is cleaning services segment and manpower outsourcing services, Maximum revenue is generated from cleaning services.

YY Group Holding (YY Group Holding) Headlines

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