Heatec Jietong Holdings (SGX:5OR) ROCE % : 4.63% (As of Jun. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Heatec Jietong 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. Heatec Jietong Holdings's annualized ROCE % for the quarter that ended in Jun. 2023 was 4.63%.

Heatec Jietong Holdings ROCE % Historical Data

The historical data trend for Heatec Jietong 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.

* Premium members only.

Heatec Jietong Holdings ROCE % Chart

Heatec Jietong Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

Get a 7-Day Free Trial

-15.77

-10.34

3.25

-9.28

-1.50

Heatec Jietong Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															3.28	-22.57	-3.03	0.47	4.63

Heatec Jietong Holdings ROCE % Calculation

Heatec Jietong Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.255	/	( ( (27.221 - 6.304)	+	(22.56 - 9.373) )	/ 2 )
	=	-0.255	/	( (20.917	+	13.187)	/ 2 )
	=	-0.255	/	17.052
	=	-1.50 %

Heatec Jietong Holdings's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	0.68	/	( ( (22.56 - 9.373)	+	(25.948 - 9.767) )	/ 2 )
	=	0.68	/	( ( 13.187	+	16.181 )	/ 2 )
	=	0.68	/	14.684
	=	4.63 %

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

Heatec Jietong Holdings (SGX:5OR) 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.

Heatec Jietong Holdings ROCE % Related Terms

Thank you for viewing the detailed overview of Heatec Jietong Holdings's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Heatec Jietong Holdings (SGX:5OR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Heatec Jietong Holdings Ltd (SGX:5OR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10 Tuas South Street 15, Singapore, SGP, 637076

Website

http://www.heatecholdings.com

Heatec Jietong Holdings Ltd is engaged in offering piping and heat exchanger services for the marine and oil and gas industries. The company's segments include Piping, Heat Exchangers, and Chemical cleaning. The Piping segment is engaged in the fabrication and installation of various types of piping. The Heat Exchanger segment, which derives the majority of revenue, engages in servicing and fabrication of heat exchangers. The Chemical cleaning segment is engaged in the provision of chemical cleaning services to ships and marine vessels. The Group's operations are carried out in Singapore.

Heatec Jietong Holdings (SGX:5OR) Headlines

No Headlines