Ocean Sky International (SGX:1B6) ROCE % : -4.71% (As of Dec. 2023)

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What is Ocean Sky International 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. Ocean Sky International's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.71%.

Ocean Sky International ROCE % Historical Data

The historical data trend for Ocean Sky International'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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Ocean Sky International ROCE % Chart

Ocean Sky International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-12.79

-3.49

2.24

-0.22

-2.74

Ocean Sky International 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															2.94	-0.93	0.60	-0.36	-4.71

Ocean Sky International ROCE % Calculation

Ocean Sky International'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 )
	=	-1.524	/	( ( (75.029 - 22.713)	+	(69.031 - 10.228) )	/ 2 )
	=	-1.524	/	( (52.316	+	58.803)	/ 2 )
	=	-1.524	/	55.5595
	=	-2.74 %

Ocean Sky International'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 )
	=	-2.844	/	( ( (73.906 - 11.887)	+	(69.031 - 10.228) )	/ 2 )
	=	-2.844	/	( ( 62.019	+	58.803 )	/ 2 )
	=	-2.844	/	60.411
	=	-4.71 %

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

Ocean Sky International (SGX:1B6) 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.

Ocean Sky International ROCE % Related Terms

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Ocean Sky International (SGX:1B6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ocean Sky International Ltd (SGX:1B6) » Definitions » ROCE %

Comparable Companies

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O3S1:Germany

Address

29 Tuas South Street 1, Singapore, SGP, 638036

Website

https://www.oceanskyintl.com

Ocean Sky International Ltd is an investment holding company engages in civil engineering, construction, and related services businesses. It operates through the Construction segment, and Property segment. The Construction segment which contributes the majority of revenue involved in the business of building and civil engineering contractors. The property segment is in the business of leasing of properties and developing of properties. The company offers engineering services, such as earthwork, roadwork, drainage work, basement work, and structural works comprising demolition and underground infrastructure works, as well as other general building works.

Ocean Sky International (SGX:1B6) Headlines

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