WANG & LEE Group (WANG & LEE Group) ROCE % : -150.81% (As of Jun. 2023)

View and export this data going back to 2023. Start your Free Trial

What is WANG & LEE Group 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. WANG & LEE Group's annualized ROCE % for the quarter that ended in Jun. 2023 was -150.81%.

WANG & LEE Group ROCE % Historical Data

The historical data trend for WANG & LEE Group'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.

WANG & LEE Group ROCE % Chart

WANG & LEE Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-9.54

WANG & LEE Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-	-	-	-150.81	44.56

WANG & LEE Group ROCE % Calculation

WANG & LEE Group'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 )
	=	-0.562	/	( ( (2.42 - 2.783)	+	(3.1 - 4.16) )	/ 2 )
	=	-0.562	/	( (-0.363	+	-1.06)	/ 2 )
	=	-0.562	/	-0.7115
	=	78.99 %

WANG & LEE Group'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 )
	=	-3.198	/	( ( (3.1 - 4.16)	+	(9.6 - 4.299) )	/ 2 )
	=	-3.198	/	( ( -1.06	+	5.301 )	/ 2 )
	=	-3.198	/	2.1205
	=	-150.81 %

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

WANG & LEE Group (NAS:WLGS) 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.

WANG & LEE Group ROCE % Related Terms

Thank you for viewing the detailed overview of WANG & LEE Group's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

WANG & LEE Group (WANG & LEE Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » WANG & LEE Group Inc (NAS:WLGS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Tai Yip Street, 5th Floor, Wing Tai Factory Building, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.wangnlee.com.hk

WANG & LEE Group Inc operates as an investment holding company. The firm conducts its primary operations through its indirectly wholly owned subsidiary WANG and LEE CONTRACTING LIMITED (WLHK). WLHK provides contract engineering, installation, and out-fitting of the following products and services: low voltage (220v/phase 1 or 380v/phase 3) electrical systems, mechanical ventilation and air-conditioning systems (MVAC), fire safety systems, and water supply and sewage disposal systems.

WANG & LEE Group (WANG & LEE Group) Headlines

From GuruFocus

WANG & LEE GROUP, Inc. Announces Closing of $8 Million Initial Public Offering

By sperokesalga sperokesalga • 04-24-2023

WANG & LEE GROUP, Inc. Bid Price Deficiency

By Marketwired • 10-25-2023