Tye Soon (SGX:BFU) ROCE % : 14.71% (As of Dec. 2023)

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What is Tye Soon 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. Tye Soon's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.71%.

Tye Soon ROCE % Historical Data

The historical data trend for Tye Soon'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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Tye Soon ROCE % Chart

Tye Soon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.77

7.86

12.11

16.38

15.16

Tye Soon Semi-Annual Data
	Jun14	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															12.10	16.16	16.96	15.69	14.71

Tye Soon ROCE % Calculation

Tye Soon'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 )
	=	10.297	/	( ( (178.438 - 109.509)	+	(180.041 - 113.153) )	/ 2 )
	=	10.297	/	( (68.929	+	66.888)	/ 2 )
	=	10.297	/	67.9085
	=	15.16 %

Tye Soon'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 )
	=	9.888	/	( ( (177.194 - 109.681)	+	(180.041 - 113.153) )	/ 2 )
	=	9.888	/	( ( 67.513	+	66.888 )	/ 2 )
	=	9.888	/	67.2005
	=	14.71 %

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

Tye Soon (SGX:BFU) 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.

Tye Soon ROCE % Related Terms

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Tye Soon (SGX:BFU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Tye Soon Ltd (SGX:BFU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3C Toh Guan Road East, Number 02-01, Singapore, SGP, 608832

Website

https://www.tyesoon.com

Tye Soon Ltd is a Singapore based company primarily engaged in import, export, and distribution of automotive parts. The products of the company are electrical and aircon parts, transmission, chassis and body parts, engine parts, brake parts, fuel range, and others. It has operations in Singapore, Malaysia, Thailand, Indonesia, South Korea, and other countries. It generates key revenue from operations in Malaysia. The company's global brands include Genuine Parts; Mercedes-Benz; Hengst and Mann Filter; GMB and others.

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