CosmoSteel Holdings (SGX:B9S) ROCE % : -2.39% (As of Mar. 2024)

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What is CosmoSteel 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. CosmoSteel Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.39%.

CosmoSteel Holdings ROCE % Historical Data

The historical data trend for CosmoSteel 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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CosmoSteel Holdings ROCE % Chart

CosmoSteel Holdings Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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4.48

6.68

2.86

3.00

4.53

CosmoSteel Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															5.23	0.69	7.13	1.92	-2.39

CosmoSteel Holdings ROCE % Calculation

CosmoSteel Holdings's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	3.949	/	( ( (97.797 - 11.084)	+	(101.927 - 14.291) )	/ 2 )
	=	3.949	/	( (86.713	+	87.636)	/ 2 )
	=	3.949	/	87.1745
	=	4.53 %

CosmoSteel Holdings's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	-2.096	/	( ( (101.927 - 14.291)	+	(105.148 - 17.03) )	/ 2 )
	=	-2.096	/	( ( 87.636	+	88.118 )	/ 2 )
	=	-2.096	/	87.877
	=	-2.39 %

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

CosmoSteel Holdings (SGX:B9S) 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.

CosmoSteel Holdings ROCE % Related Terms

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CosmoSteel Holdings (SGX:B9S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » CosmoSteel Holdings Ltd (SGX:B9S) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Lok Yang Way, Singapore, SGP, 628633

Website

http://www.cosmosteel.com

CosmoSteel Holdings Ltd is an investment holding company engaged in the sale, supply, and machining of flanges, steel fittings, tubings, and pipes for main industries. Its operating segment includes Energy, Marine, Trading, and others. The company generates maximum revenue from the Energy segment. Its Energy segment comprises oil and gas, engineering and construction, petrochemical, and power. Geographically, it derives a majority of revenue from Singapore.

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