Resources Global Development (SGX:V7R) ROCE % : 30.95% (As of Dec. 2023)

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What is Resources Global Development 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. Resources Global Development's annualized ROCE % for the quarter that ended in Dec. 2023 was 30.95%.

Resources Global Development ROCE % Historical Data

The historical data trend for Resources Global Development'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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Resources Global Development ROCE % Chart

Resources Global Development Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.69

14.63

45.45

49.07

32.24

Resources Global Development Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial									53.58	41.90	55.60	32.64	30.95

Resources Global Development ROCE % Calculation

Resources Global Development'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 )
	=	29.45	/	( ( (112.649 - 32.77)	+	(120.836 - 18.044) )	/ 2 )
	=	29.45	/	( (79.879	+	102.792)	/ 2 )
	=	29.45	/	91.3355
	=	32.24 %

Resources Global Development'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 )
	=	30.488	/	( ( (134.854 - 40.645)	+	(120.836 - 18.044) )	/ 2 )
	=	30.488	/	( ( 94.209	+	102.792 )	/ 2 )
	=	30.488	/	98.5005
	=	30.95 %

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

Resources Global Development (SGX:V7R) 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.

Resources Global Development ROCE % Related Terms

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Resources Global Development (SGX:V7R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Resources Global Development Ltd (SGX:V7R) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

144 Robinson Road, No. 11-02 Robinson Square, Singapore, SGP, 068908

Website

https://www.rgd.sg

Resources Global Development Ltd is engaged in the procurement and sale of coal within Indonesia. The company provides chartering services of tugboats, barges and bulk carriers to its customers to transport coal within the Indonesian territories. Through its subsidiary, it procures a supply of thermal coal from coal mines located in South Kalimantan, Indonesia for domestic sales. It operates Coal Shipping Services through its subsidiary, which covers domestic shipping routes mainly between coal mines located in South Kalimantan to the Java and Sulawesi islands in Indonesia. The company's coal shipping services include chartering services and transshipment services.

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