Valuetronics Holdings (SGX:BN2) ROCE % : 13.52% (As of Sep. 2023)

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What is Valuetronics Holdings 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. Valuetronics Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 13.52%.

Valuetronics Holdings ROCE % Historical Data

The historical data trend for Valuetronics Holdings'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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Valuetronics Holdings ROCE % Chart

Valuetronics Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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20.36

16.80

15.73

9.30

9.64

Valuetronics Holdings 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															9.50	9.18	9.83	9.72	13.52

Valuetronics Holdings ROCE % Calculation

Valuetronics Holdings's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	22.702	/	( ( (363.929 - 125.743)	+	(354.549 - 121.849) )	/ 2 )
	=	22.702	/	( (238.186	+	232.7)	/ 2 )
	=	22.702	/	235.443
	=	9.64 %

Valuetronics Holdings'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 )
	=	31.834	/	( ( (354.549 - 121.849)	+	(367.292 - 129.087) )	/ 2 )
	=	31.834	/	( ( 232.7	+	238.205 )	/ 2 )
	=	31.834	/	235.4525
	=	13.52 %

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

Valuetronics Holdings (SGX:BN2) 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.

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Valuetronics Holdings (SGX:BN2) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Valuetronics Holdings Ltd (SGX:BN2) » Definitions » ROCE %

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Traded in Other Exchanges

GJ7:Germany

Address

No. 18 On Lai Street, Unit 9-11, 7th Floor, Technology Park, New Territories, Shatin, Hong Kong, HKG

Website

https://www.valuetronics.com.hk

Valuetronics Holdings Ltd is an integrated electronics manufacturing services provider. The company specializes in original equipment manufacturing services as well as original design manufacturing services. It offers a broad combination of design, engineering, manufacturing, and supply chain support services for electronic and electro-mechanical products. It has two reportable segments - Consumer Electronics, and Industrial and Commercial Electronics covering smart lighting products, temperature sensing devices, communication products, automotive products and medical equipments. The majority of its revenue is derived from Industrial and Commercial Electronics segment. It has operational footprints across the United States of America, Hong Kong, Poland, Canada and other countries.

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