Steel Hawk Bhd (XKLS:03049) ROCE % : 49.46% (As of Dec. 2023)

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What is Steel Hawk 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. Steel Hawk Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 49.46%.

Steel Hawk Bhd ROCE % Historical Data

The historical data trend for Steel Hawk 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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Steel Hawk Bhd ROCE % Chart

Steel Hawk Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

26.32

79.07

39.14

58.97

52.51

Steel Hawk Bhd Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial				54.95	68.94	56.59	59.28	49.46

Steel Hawk Bhd ROCE % Calculation

Steel Hawk 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 )
	=	11.699	/	( ( (42.322 - 24.033)	+	(51.687 - 25.42) )	/ 2 )
	=	11.699	/	( (18.289	+	26.267)	/ 2 )
	=	11.699	/	22.278
	=	52.51 %

Steel Hawk 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	11.718	/	( ( (44.261 - 23.147)	+	(51.687 - 25.42) )	/ 2 )
	=	11.718	/	( ( 21.114	+	26.267 )	/ 2 )
	=	11.718	/	23.6905
	=	49.46 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Steel Hawk Bhd (XKLS:03049) 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.

Steel Hawk Bhd ROCE % Related Terms

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Steel Hawk Bhd (XKLS:03049) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Steel Hawk Bhd (XKLS:03049) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dataran Prima, Jalan PJU 1/37, 23-2 & 25-2, Block H, Petaling Jaya, SGR, MYS, 47301

Website

https://www.steelhawk.com.my

Steel Hawk Bhd is engaged in providing technical and engineering support services in the Oil and Gas Industry in Malaysia. It specializes in engineering, scheduled/work pack development, procurement, structural/piping fabrication, electrical/instrumentation installation, pre-commissioning and commissioning and various pipeline maintenance activities.

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