Evergreen Fibreboard Bhd (XKLS:5101) ROCE % : -4.26% (As of Dec. 2023)

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What is Evergreen Fibreboard 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. Evergreen Fibreboard Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.26%.

Evergreen Fibreboard Bhd ROCE % Historical Data

The historical data trend for Evergreen Fibreboard 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.

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Evergreen Fibreboard Bhd ROCE % Chart

Evergreen Fibreboard Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.64

-7.56

4.05

-0.60

-1.30

Evergreen Fibreboard 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															-26.41	-6.83	2.18	3.66	-4.26

Evergreen Fibreboard Bhd ROCE % Calculation

Evergreen Fibreboard 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 )
	=	-14.399	/	( ( (1313.665 - 231.678)	+	(1456.321 - 330.241) )	/ 2 )
	=	-14.399	/	( (1081.987	+	1126.08)	/ 2 )
	=	-14.399	/	1104.0335
	=	-1.30 %

Evergreen Fibreboard 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 )
	=	-46.676	/	( ( (1331.615 - 266.253)	+	(1456.321 - 330.241) )	/ 2 )
	=	-46.676	/	( ( 1065.362	+	1126.08 )	/ 2 )
	=	-46.676	/	1095.721
	=	-4.26 %

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

Evergreen Fibreboard Bhd (XKLS:5101) 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.

Evergreen Fibreboard Bhd ROCE % Related Terms

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Evergreen Fibreboard Bhd (XKLS:5101) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Evergreen Fibreboard Bhd (XKLS:5101) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

PLO 22, Parit Raja Industrial Estate, Batu Pahat, Parit Raja, JHR, MYS, 86400

Website

https://www.evergreengroup.com.my

Evergreen Fibreboard Bhd is a Malaysia based company engaged in the manufacture of medium-density fibreboard and wooden furniture. The group is organised into three geographical segments; Malaysia which involves the manufacture of medium density fibreboard, wooden furniture parts and furniture, particleboard, glue, and resin, as well as trading and managing of plantation; Thailand which involves the production and distribution of medium density fibreboard and wood products; and Indonesia which comprises manufacture of medium density fibreboard, glue and resin; and Others which consists distribution of household products made of rubberwood. It derives prime revenue from Malaysia.

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