Singapore Shipping (SGX:S19) ROCE % : 5.79% (As of Sep. 2023)

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What is Singapore Shipping 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. Singapore Shipping's annualized ROCE % for the quarter that ended in Sep. 2023 was 5.79%.

Singapore Shipping ROCE % Historical Data

The historical data trend for Singapore Shipping'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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Singapore Shipping ROCE % Chart

Singapore Shipping Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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7.73

7.08

7.29

6.92

7.43

Singapore Shipping Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															7.57	6.26	5.84	9.04	5.79

Singapore Shipping ROCE % Calculation

Singapore Shipping's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	17.105	/	( ( (242.96 - 16.841)	+	(251.046 - 16.85) )	/ 2 )
	=	17.105	/	( (226.119	+	234.196)	/ 2 )
	=	17.105	/	230.1575
	=	7.43 %

Singapore Shipping's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	13.7	/	( ( (251.046 - 16.85)	+	(254.652 - 15.996) )	/ 2 )
	=	13.7	/	( ( 234.196	+	238.656 )	/ 2 )
	=	13.7	/	236.426
	=	5.79 %

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

Singapore Shipping (SGX:S19) 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.

Singapore Shipping ROCE % Related Terms

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Singapore Shipping (SGX:S19) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Singapore Shipping Corp Ltd (SGX:S19) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

W1M:Germany

Address

200 Cantonment Road, No. 09-01 Southpoint, Singapore, SGP, 089763

Website

http://www.singaporeshipping.com.sg

Singapore Shipping Corp Ltd is a shipping company. It operates in two segments: Ship owning segment which includes ship owning and ship management, and Agency and logistics segment that includes shipping agency, terminal operations, warehousing, and logistics services. The company generates most of the revenue from the Ship owning segment. Further, it also operates in geographical segments like Japan, Singapore, and other countries. It generates most of its revenues from Japan.

Singapore Shipping (SGX:S19) Headlines

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