Kossan Rubber Industries Bhd (Kossan Rubber Industries Bhd) ROCE % : 0.27% (As of Dec. 2023)

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What is Kossan Rubber Industries 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. Kossan Rubber Industries Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.27%.

Kossan Rubber Industries Bhd ROCE % Historical Data

The historical data trend for Kossan Rubber Industries 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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Kossan Rubber Industries Bhd ROCE % Chart

Kossan Rubber Industries Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.33

67.31

107.22

5.13

0.87

Kossan Rubber Industries 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															0.27	-1.85	0.28	4.90	0.27

Kossan Rubber Industries Bhd ROCE % Calculation

Kossan Rubber Industries 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 )
	=	7.719	/	( ( (981.324 - 64.576)	+	(902.173 - 45.881) )	/ 2 )
	=	7.719	/	( (916.748	+	856.292)	/ 2 )
	=	7.719	/	886.52
	=	0.87 %

Kossan Rubber Industries 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 )
	=	2.28	/	( ( (898.408 - 42.603)	+	(902.173 - 45.881) )	/ 2 )
	=	2.28	/	( ( 855.805	+	856.292 )	/ 2 )
	=	2.28	/	856.0485
	=	0.27 %

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

Kossan Rubber Industries Bhd (OTCPK:KSRBF) 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.

Kossan Rubber Industries Bhd ROCE % Related Terms

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Kossan Rubber Industries Bhd (Kossan Rubber Industries Bhd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Kossan Rubber Industries Bhd (OTCPK:KSRBF) » Definitions » ROCE %

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Traded in Other Exchanges

7153:Malaysia

Address

Lot 782, Jalan Sungai Putus, Wisma Kossan, Off Batu 3 ¾ Jalan Kapar, Klang, SGR, MYS, 42100

Website

https://www.kossan.com.my

Kossan Rubber Industries Bhd manufactures industrial rubber products and disposable latex gloves. The firm has three primary businesses: Technical Rubber Products, Gloves, Cleanroom Products, and Others. The Gloves segment generates the majority of revenue. The Technical Rubber Products business manufactures and distributes high technical input rubber products. The Gloves business manufactures medical-grade examination gloves and specialty gloves for healthcare and industrial applications. The Cleanroom Products business sells rubber products that can be used in cleanrooms. The majority of Kossan Rubber's revenue is generated through exports outside of Malaysia.

Kossan Rubber Industries Bhd (Kossan Rubber Industries Bhd) Headlines

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