Wong Fong Industries (SGX:1A1) ROCE % : 8.62% (As of Dec. 2023)

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What is Wong Fong Industries 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. Wong Fong Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.62%.

Wong Fong Industries ROCE % Historical Data

The historical data trend for Wong Fong Industries'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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Wong Fong Industries ROCE % Chart

Wong Fong Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.32

4.87

6.75

4.61

7.82

Wong Fong Industries Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															5.36	2.68	6.38	6.78	8.62

Wong Fong Industries ROCE % Calculation

Wong Fong Industries'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 )
	=	5.368	/	( ( (92.583 - 21.828)	+	(81.824 - 15.251) )	/ 2 )
	=	5.368	/	( (70.755	+	66.573)	/ 2 )
	=	5.368	/	68.664
	=	7.82 %

Wong Fong Industries'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 )
	=	5.93	/	( ( (85.866 - 14.778)	+	(81.824 - 15.251) )	/ 2 )
	=	5.93	/	( ( 71.088	+	66.573 )	/ 2 )
	=	5.93	/	68.8305
	=	8.62 %

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

Wong Fong Industries (SGX:1A1) 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.

Wong Fong Industries ROCE % Related Terms

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Wong Fong Industries (SGX:1A1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Wong Fong Industries Ltd (SGX:1A1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

79 Joo Koon Circle, Singapore, SGP, 629107

Website

https://www.wongfongindustries.com

Wong Fong Industries Ltd is a provider of land transport engineering solutions and systems for the logistics, construction, waste management and defense industries. The group's operating segments are Engineering and Training. It generates revenue through the sale of cranes and other truck-mounted equipment including customization, engineering and installation of products and solutions for sale.

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