Ever Glory United Holdings (SGX:ZKX) ROCE % : 35.06% (As of Dec. 2023)

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What is Ever Glory United 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. Ever Glory United Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 35.06%.

Ever Glory United Holdings ROCE % Historical Data

The historical data trend for Ever Glory United 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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Ever Glory United Holdings ROCE % Chart

Ever Glory United Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

48.81

37.78

94.46

114.62

Ever Glory United Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-	123.75	83.30	174.30	35.06

Ever Glory United Holdings ROCE % Calculation

Ever Glory United Holdings'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 )
	=	8.628	/	( ( (12.82 - 9.514)	+	(24.901 - 13.152) )	/ 2 )
	=	8.628	/	( (3.306	+	11.749)	/ 2 )
	=	8.628	/	7.5275
	=	114.62 %

Ever Glory United Holdings'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 )
	=	4.122	/	( ( (22.625 - 10.86)	+	(24.901 - 13.152) )	/ 2 )
	=	4.122	/	( ( 11.765	+	11.749 )	/ 2 )
	=	4.122	/	11.757
	=	35.06 %

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

Ever Glory United Holdings (SGX:ZKX) 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.

Ever Glory United Holdings ROCE % Related Terms

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Ever Glory United Holdings (SGX:ZKX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ever Glory United Holdings Ltd (SGX:ZKX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Little Road, No. 03-01 CRF Building, Singapore, SGP, 536982

Website

Ever Glory United Holdings Ltd is a Singapore-based M&E engineering service provider specializing in providing a wide range of M&E engineering services. Its services involve projects in both public and private sectors, such as the development or redevelopment of HDB residential flats, private residential properties, private schools, mixed-use properties, commercial buildings, or industrial buildings. It provides M&E engineering services as either an NSC or a DSC. The company specializes in the following areas of M&E engineering services: ACMV systems; electrical engineering systems; FP systems; PSG systems; and IBS.

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