Pollux Properties (SGX:5AE) ROCE % : 3.33% (As of Jun. 2023)

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What is Pollux Properties 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. Pollux Properties's annualized ROCE % for the quarter that ended in Jun. 2023 was 3.33%.

Pollux Properties ROCE % Historical Data

The historical data trend for Pollux Properties'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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Pollux Properties ROCE % Chart

Pollux Properties Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

ROCE %

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31.01

2.87

2.07

1.99

3.32

Pollux Properties Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															0.96	3.13	2.11	4.50	3.33

Pollux Properties ROCE % Calculation

Pollux Properties'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 )
	=	11.365	/	( ( (373.282 - 29.744)	+	(377.912 - 35.895) )	/ 2 )
	=	11.365	/	( (343.538	+	342.017)	/ 2 )
	=	11.365	/	342.7775
	=	3.32 %

Pollux Properties'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 )
	=	11.442	/	( ( (377.912 - 35.895)	+	(372.572 - 26.679) )	/ 2 )
	=	11.442	/	( ( 342.017	+	345.893 )	/ 2 )
	=	11.442	/	343.955
	=	3.33 %

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

Pollux Properties (SGX:5AE) 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.

Pollux Properties ROCE % Related Terms

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Pollux Properties (SGX:5AE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Pollux Properties Ltd (SGX:5AE) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

554 Havelock Road, Singapore, SGP, 169639

Website

https://www.pollux.com.sg

Pollux Properties Ltd is a property developer in Singapore focusing on the development of residential and commercial properties. The company is engaged in the business of developing premium real estate projects. The company operates through five segments: The Property Development segment, which is involved in the acquisition and development of properties for sale; The Property Investment segment, which is involved in renting properties and operating a serviced apartment; The Corporate segment, which is involved in corporate services and investments. The Fund Management segment is involved in providing management and advisory services and Hotel Operations. The company generates the majority of its revenue from the Property Investment segment.

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