Straits Energy Resources Bhd (XKLS:0080) ROCE % : 9.08% (As of Mar. 2024)

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What is Straits Energy 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. Straits Energy Resources Bhd's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.08%.

Straits Energy Resources Bhd ROCE % Historical Data

The historical data trend for Straits Energy 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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Straits Energy Resources Bhd ROCE % Chart

Straits Energy Resources Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.55

8.06

9.99

10.08

9.77

Straits Energy Resources Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															7.60	19.50	5.75	6.01	9.08

Straits Energy Resources Bhd ROCE % Calculation

Straits Energy Resources 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 )
	=	19.911	/	( ( (482.523 - 279.747)	+	(608.044 - 403.056) )	/ 2 )
	=	19.911	/	( (202.776	+	204.988)	/ 2 )
	=	19.911	/	203.882
	=	9.77 %

Straits Energy Resources Bhd's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	18.776	/	( ( (608.044 - 403.056)	+	(614.38 - 405.793) )	/ 2 )
	=	18.776	/	( ( 204.988	+	208.587 )	/ 2 )
	=	18.776	/	206.7875
	=	9.08 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Straits Energy Resources Bhd (XKLS:0080) 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.

Straits Energy Resources Bhd ROCE % Related Terms

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Straits Energy Resources Bhd (XKLS:0080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Straits Energy Resources Bhd (XKLS:0080) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

2, Jalan Kiara, Mont Kiara, B-07-06, Plaza Mont Kiara, Kuala Lumpur, SGR, MYS, 50480

Website

https://www.straits-energyresources.com

Straits Energy Resources Bhd is a Malaysia-based investment holding company engaged in oil trading and bunkering. Along with its subsidiaries, the entity is involved in the segments of Investment holding; Oil trading and bunkering services; Ship management services; Chartering services, Inland transportation services; Port operation and facility management services; and Others. It derives prime revenue from the Oil trading, bunkering services, and freshwater service segment which involves the international supply of petroleum products and the provision of marine bunkering and related services to vessels. Its geographic operations are located in Malaysia and Singapore.

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