Marco Polo Marine (SGX:5LY) ROCE % : 26.52% (As of Sep. 2023)

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What is Marco Polo Marine 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. Marco Polo Marine's annualized ROCE % for the quarter that ended in Sep. 2023 was 26.52%.

Marco Polo Marine ROCE % Historical Data

The historical data trend for Marco Polo Marine'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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Marco Polo Marine ROCE % Chart

Marco Polo Marine Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-3.22

-8.33

13.55

16.59

17.56

Marco Polo Marine Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															15.65	17.38	15.56	8.56	26.52

Marco Polo Marine ROCE % Calculation

Marco Polo Marine's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	30.777	/	( ( (188.113 - 30.567)	+	(229.081 - 35.998) )	/ 2 )
	=	30.777	/	( (157.546	+	193.083)	/ 2 )
	=	30.777	/	175.3145
	=	17.56 %

Marco Polo Marine's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	47.688	/	( ( (196.812 - 30.229)	+	(229.081 - 35.998) )	/ 2 )
	=	47.688	/	( ( 166.583	+	193.083 )	/ 2 )
	=	47.688	/	179.833
	=	26.52 %

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

Marco Polo Marine (SGX:5LY) 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.

Marco Polo Marine ROCE % Related Terms

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Marco Polo Marine (SGX:5LY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Marco Polo Marine Ltd (SGX:5LY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MRPMF:USA

Address

66 Kallang Pudding Road, No.05-01 Hor Kew Business Centre, Singapore, SGP, 349324

Website

https://www.marcopolomarine.com.sg

Marco Polo Marine Ltd is a Singapore-based integrated marine logistics company. It is principally engaged in the shipping and shipyard businesses. The company's business segments include Ship chartering services, which relate to charter hire activities; and Shipbuilding & repair services, which relates to sales of goods, shipbuilding and ship repair activities. It generates maximum revenue from Ship chartering services segment. The company operates internationally and generates the majority of its revenue from its activities in Singapore.

Marco Polo Marine (SGX:5LY) Headlines

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