Ann Joo Resources Bhd (XKLS:6556) ROCE % : -17.66% (As of Sep. 2023)

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What is Ann Joo Resources 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. Ann Joo Resources Bhd's annualized ROCE % for the quarter that ended in Sep. 2023 was -17.66%.

Ann Joo Resources Bhd ROCE % Historical Data

The historical data trend for Ann Joo Resources 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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Ann Joo Resources Bhd ROCE % Chart

Ann Joo Resources Bhd Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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14.04

-8.48

-2.87

22.21

-12.47

Ann Joo Resources Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-49.69	-25.05	-7.01	1.96	-17.66

Ann Joo Resources Bhd ROCE % Calculation

Ann Joo Resources Bhd'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 )
	=	-165.977	/	( ( (2633.439 - 1244.313)	+	(2726.171 - 1454.275) )	/ 2 )
	=	-165.977	/	( (1389.126	+	1271.896)	/ 2 )
	=	-165.977	/	1330.511
	=	-12.47 %

Ann Joo Resources Bhd'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: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-242.948	/	( ( (3062.351 - 1663.752)	+	(2941.157 - 1588.099) )	/ 2 )
	=	-242.948	/	( ( 1398.599	+	1353.058 )	/ 2 )
	=	-242.948	/	1375.8285
	=	-17.66 %

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

Ann Joo Resources Bhd (XKLS:6556) 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.

Ann Joo Resources Bhd ROCE % Related Terms

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Ann Joo Resources Bhd (XKLS:6556) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ann Joo Resources Bhd (XKLS:6556) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6556PA.PFD:Malaysia

Address

Jalan Klang Lama, Batu 8 1/2, Wisma Ann Joo, Lot 19391, Petaling Jaya, SGR, MYS, 46000

Website

https://www.annjoo.com.my

Ann Joo Resources Bhd is mainly engaged in the manufacturing and trading of steel and steel-related products. The business activity of the group is divided into four segments: Upstream steel division which includes Manufacturing and trading of iron, steel, and steel-related products; Downstream steel division which engaged in Trading of steel and steel-related products, hardware, building and construction materials and operations of steel service centers; Green technology division which include Project management and contract services for solar and other renewable energy business as well as waste management services; and Investment Holding, property management and others. Geographically, it derives a majority of its revenue from Malaysia.

Ann Joo Resources Bhd (XKLS:6556) Headlines

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