Taka Jewellery Holdings (SGX:42L) ROCE % : 10.96% (As of Dec. 2023)

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What is Taka Jewellery 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. Taka Jewellery Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.96%.

Taka Jewellery Holdings ROCE % Historical Data

The historical data trend for Taka Jewellery 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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Taka Jewellery Holdings ROCE % Chart

Taka Jewellery Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Jun20

Jun21

Jun22

Jun23

ROCE %

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4.04

3.19

6.38

9.84

Taka Jewellery Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial													3.79	9.04	12.48	7.12	10.96

Taka Jewellery Holdings ROCE % Calculation

Taka Jewellery Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	12.861	/	( ( (170.831 - 46.482)	+	(194.156 - 57.106) )	/ 2 )
	=	12.861	/	( (124.349	+	137.05)	/ 2 )
	=	12.861	/	130.6995
	=	9.84 %

Taka Jewellery 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 )
	=	15.294	/	( ( (194.156 - 57.106)	+	(204.842 - 62.728) )	/ 2 )
	=	15.294	/	( ( 137.05	+	142.114 )	/ 2 )
	=	15.294	/	139.582
	=	10.96 %

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

Taka Jewellery Holdings (SGX:42L) 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.

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Taka Jewellery Holdings (SGX:42L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Taka Jewellery Holdings Ltd (SGX:42L) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

3 Kaki Bukit Place, Eunos Techpark, Singapore, SGP, 416181

Website

http://www.takajewellery.com.sg

Taka Jewellery Holdings Ltd is involved in the design, manufacturing and sale of jewellery in Singapore under the Taka Jewellery brand as well as on a wholesale basis to the markets through active participation in international jewellery exhibitions. The company's segment includes Wholesale and Exhibitions; Retail and Financial Services. It generates maximum revenue from the Retail segment. The Retail segment relates to the sale of jewellery to customers at retail outlets, promotional events and headquarters.

Taka Jewellery Holdings (SGX:42L) Headlines

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