Singapore Technologies Engineering (Singapore Technologies Engineering) ROCE % : 12.09% (As of Dec. 2023)

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What is Singapore Technologies Engineering 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. Singapore Technologies Engineering's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.09%.

Singapore Technologies Engineering ROCE % Historical Data

The historical data trend for Singapore Technologies Engineering'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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Singapore Technologies Engineering ROCE % Chart

Singapore Technologies Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.07

12.07

11.73

11.53

12.61

Singapore Technologies Engineering Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															11.13	12.04	9.88	12.71	12.09

Singapore Technologies Engineering ROCE % Calculation

Singapore Technologies Engineering'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 )
	=	705.683	/	( ( (11069.674 - 5921.889)	+	(11544.855 - 5496.853) )	/ 2 )
	=	705.683	/	( (5147.785	+	6048.002)	/ 2 )
	=	705.683	/	5597.8935
	=	12.61 %

Singapore Technologies Engineering'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 )
	=	712.42	/	( ( (11213.287 - 5477.179)	+	(11544.855 - 5496.853) )	/ 2 )
	=	712.42	/	( ( 5736.108	+	6048.002 )	/ 2 )
	=	712.42	/	5892.055
	=	12.09 %

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

Singapore Technologies Engineering (OTCPK:SGGKY) 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.

Singapore Technologies Engineering ROCE % Related Terms

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Singapore Technologies Engineering (Singapore Technologies Engineering) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Singapore Technologies Engineering Ltd (OTCPK:SGGKY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SGGKF:USA S63:Singapore SJX:Germany

Address

1 Ang Mo Kio Electronics Park Road, No. 07-01, ST Engineering Hub, Singapore, SGP, 567710

Website

https://www.stengg.com

Singapore Technologies Engineering is a Singaporean government-linked commercial and defense engineering group. Its key businesses include aircraft maintenance, repair and overhaul services, in which it is the world's largest independent third-party provider. The company's fastest-growing activities involve applications to smart city solutions where it provides tolling solutions, traffic control systems, command and control dashboards, cybersecurity tools, and other related components. Around two thirds of the company's revenue comes from commercial clients while the remainder is defense.