K. Seng Seng Bhd (XKLS:5192) ROCE % : -23.52% (As of Dec. 2023)

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What is K. Seng Seng 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. K. Seng Seng Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was -23.52%.

K. Seng Seng Bhd ROCE % Historical Data

The historical data trend for K. Seng Seng 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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K. Seng Seng Bhd ROCE % Chart

K. Seng Seng Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.08

3.09

17.72

5.50

-6.06

K. Seng Seng 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															-5.60	5.55	4.26	-6.53	-23.52

K. Seng Seng Bhd ROCE % Calculation

K. Seng Seng 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 )
	=	-7.303	/	( ( (187.116 - 78.322)	+	(287.48 - 155.352) )	/ 2 )
	=	-7.303	/	( (108.794	+	132.128)	/ 2 )
	=	-7.303	/	120.461
	=	-6.06 %

K. Seng Seng 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 )
	=	-32.192	/	( ( (305.644 - 164.06)	+	(287.48 - 155.352) )	/ 2 )
	=	-32.192	/	( ( 141.584	+	132.128 )	/ 2 )
	=	-32.192	/	136.856
	=	-23.52 %

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

K. Seng Seng Bhd (XKLS:5192) 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.

K. Seng Seng Bhd ROCE % Related Terms

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K. Seng Seng Bhd (XKLS:5192) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » K. Seng Seng Corp Bhd (XKLS:5192) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 3707, Jalan 7/5, Taman Industri Selesa Jaya, Balakong, SGR, MYS, 43300

Website

https://www.kssc.com.my

K. Seng Seng Corp Bhd is an investment holding company. It operates through the segments of Stainless steel and metal-related products; Marine hardware and consumables, Other industrial hardware, Investment holding, and Engineering works. The group has a business presence in Malaysia and other countries. The key revenue is derived from the Stainless Steel and metal-related products segment which involves the manufacture and sales of stainless steel tubes and pipes; and the processing of stainless steel sheets products.

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