Tenaga Nasional Bhd (Tenaga Nasional Bhd) ROCE % : 3.98% (As of Dec. 2023)

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

What is Tenaga Nasional Bhd 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. Tenaga Nasional Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.98%.

Tenaga Nasional Bhd ROCE % Historical Data

The historical data trend for Tenaga Nasional Bhd'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.

Tenaga Nasional Bhd ROCE % Chart

Tenaga Nasional Bhd Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

6.21

5.20

5.45

5.86

4.45

Tenaga Nasional Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															4.75	5.23	3.90	5.05	3.98

Tenaga Nasional Bhd ROCE % Calculation

Tenaga Nasional Bhd'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 )
	=	1669.601	/	( ( (46699.694 - 8526.432)	+	(43955.26 - 7049.936) )	/ 2 )
	=	1669.601	/	( (38173.262	+	36905.324)	/ 2 )
	=	1669.601	/	37539.293
	=	4.45 %

Tenaga Nasional Bhd'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1460.884	/	( ( (43133.024 - 6681.886)	+	(43955.26 - 7049.936) )	/ 2 )
	=	1460.884	/	( ( 36451.138	+	36905.324 )	/ 2 )
	=	1460.884	/	36678.231
	=	3.98 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Tenaga Nasional Bhd (OTCPK:TNABY) 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.

Tenaga Nasional Bhd ROCE % Related Terms

Thank you for viewing the detailed overview of Tenaga Nasional Bhd's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Tenaga Nasional Bhd (Tenaga Nasional Bhd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Tenaga Nasional Bhd (OTCPK:TNABY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

5347:Malaysia

Address

No. 3, Jalan Bukit Pantai, Tingkat 16, Tower A, TNB Platinum, Pejabat Setiausaha Syarikat, Bangsar, Kuala Lumpur, SGR, MYS, 59100

Website

https://www.tnb.com.my

Tenaga Nasional Bhd, or TNB, is the largest electric utility company in Malaysia. The company is involved in the generation, transmission, distribution, and sale of electricity. TNB segments its operations into a generation division, a transmission division, and a distribution division. The generation division encompasses the company's portfolio of thermal and hydroelectric power plants located throughout Malaysia. Through its subsidiaries, TNB also engages in other energy-related operations, such as the manufacturing of transformers and the providing of consulting services. The company primarily generates revenue through the sale of electricity in West Malaysia. Its customers are mainly commercial operations, domestic consumers, and large industrial entities.

Tenaga Nasional Bhd (Tenaga Nasional Bhd) Headlines

From GuruFocus

Tenaga Nasional Bhd Stock Appears To Be Modestly Undervalued

By GF Value • 07-10-2021