Investors Could Be Concerned With JE Cleantech Holdings' (NASDAQ:JCSE) Returns On Capital [Yahoo! Finance]
JE Cleantech Holdings Limited - Ordinary Shares (JCSE)
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Source: Yahoo! Finance
Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Having said that, from a first glance at JE Cleantech Holdings NASDAQ:JCSE ) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look. Return On Capital Employed (ROCE): What Is It? Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Analysts use this formula to calculate it for JE Cleantech Holdings: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.087 = S$1.9m ÷ (S$35m - S$13m) (Based on the trailing twelve months to June 2023) So, JE Cleantech Holdings has an ROCE of 8.7%. Ul
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