Southern Cross Electrical Engineering (ASX:SXE) ROCE % : 20.73% (As of Jun. 2024)

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What is Southern Cross Electrical Engineering 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. Southern Cross Electrical Engineering's annualized ROCE % for the quarter that ended in Jun. 2024 was 20.73%.

Southern Cross Electrical Engineering ROCE % Historical Data

The historical data trend for Southern Cross Electrical Engineering'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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Southern Cross Electrical Engineering ROCE % Chart

Southern Cross Electrical Engineering Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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10.11

12.02

11.96

15.30

17.59

Southern Cross Electrical Engineering Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															14.16	14.85	16.33	15.00	20.73

Southern Cross Electrical Engineering ROCE % Calculation

Southern Cross Electrical Engineering's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	34.699	/	( ( (318.434 - 124.488)	+	(364.756 - 164.063) )	/ 2 )
	=	34.699	/	( (193.946	+	200.693)	/ 2 )
	=	34.699	/	197.3195
	=	17.59 %

Southern Cross Electrical Engineering's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	40.56	/	( ( (306.16 - 115.483)	+	(364.756 - 164.063) )	/ 2 )
	=	40.56	/	( ( 190.677	+	200.693 )	/ 2 )
	=	40.56	/	195.685
	=	20.73 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Southern Cross Electrical Engineering (ASX:SXE) 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.

Southern Cross Electrical Engineering ROCE % Related Terms

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Southern Cross Electrical Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Southern Cross Electrical Engineering Ltd (ASX:SXE) » Definitions » ROCE %

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Address

225 St Georges Terrace, Level 15, Perth, WA, AUS, 6000

Website

https://www.scee.com.au

Southern Cross Electrical Engineering Ltd engages in the provision of electrical, instrumentation, communication, and maintenance services. It serves various sectors such as commercial developments; public infrastructure and defence; resources-mining, oil and gas; industrial, utilities and energy; telecommunications and data centres. The company provides its services through the three key segments of SCEE, Heyday, and Trivantage. Geographically, it derives a majority of revenue from Australia.

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