SLB Development (SGX:1J0) ROCE % : 0.30% (As of Nov. 2023)

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What is SLB 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. SLB Development's annualized ROCE % for the quarter that ended in Nov. 2023 was 0.30%.

SLB Development ROCE % Historical Data

The historical data trend for SLB 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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SLB Development ROCE % Chart

SLB Development Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

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0.24

5.71

5.96

11.82

6.31

SLB Development Semi-Annual Data
	May15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
ROCE %	Get a 7-Day Free Trial												10.91	12.81	8.85	2.37	0.30

SLB Development ROCE % Calculation

SLB Development's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	20.183	/	( ( (411.023 - 65.836)	+	(478.871 - 184.728) )	/ 2 )
	=	20.183	/	( (345.187	+	294.143)	/ 2 )
	=	20.183	/	319.665
	=	6.31 %

SLB Development's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: May. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: May. 2023 )		(Q: Nov. 2023 )
	=	0.842	/	( ( (478.871 - 184.728)	+	(388.361 - 120.075) )	/ 2 )
	=	0.842	/	( ( 294.143	+	268.286 )	/ 2 )
	=	0.842	/	281.2145
	=	0.30 %

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

SLB Development (SGX:1J0) 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.

SLB Development ROCE % Related Terms

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SLB Development (SGX:1J0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » SLB Development Ltd (SGX:1J0) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 Harrison Road, No. 07-00 Lian Beng Building, Singapore, SGP, 369648

Website

https://www.slbdevelopment.com.sg

SLB Development Ltd is an investment holding company. It operates in three segments: Property development, which is involved in the development and sale of properties (residential, commercial, and industrial), as well as the provision of development management services; The Fund management & investment segment refers to the Group's business as a fund manager through joint ventures and strategic alliance with third parties, as well as investment in the funds managed by fund managers such as through participation by way of a limited partner or shareholder in the fund company; and The corporate segment mainly relates to corporate office functions. It generates the majority of its revenue from Property development segment.

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