Malaysia Smelting Bhd (XKLS:5916) ROCE % : 7.96% (As of Dec. 2023)

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What is Malaysia Smelting 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. Malaysia Smelting Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.96%.

Malaysia Smelting Bhd ROCE % Historical Data

The historical data trend for Malaysia Smelting 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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Malaysia Smelting Bhd ROCE % Chart

Malaysia Smelting Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.54

8.32

29.79

20.55

15.92

Malaysia Smelting 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															19.15	24.61	19.81	10.93	7.96

Malaysia Smelting Bhd ROCE % Calculation

Malaysia Smelting 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 )
	=	146.552	/	( ( (1305.854 - 403.888)	+	(1391.624 - 452.545) )	/ 2 )
	=	146.552	/	( (901.966	+	939.079)	/ 2 )
	=	146.552	/	920.5225
	=	15.92 %

Malaysia Smelting 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 )
	=	73.676	/	( ( (1371.568 - 458.379)	+	(1391.624 - 452.545) )	/ 2 )
	=	73.676	/	( ( 913.189	+	939.079 )	/ 2 )
	=	73.676	/	926.134
	=	7.96 %

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

Malaysia Smelting Bhd (XKLS:5916) 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.

Malaysia Smelting Bhd ROCE % Related Terms

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Malaysia Smelting Bhd (XKLS:5916) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Malaysia Smelting Corp Bhd (XKLS:5916) » Definitions » ROCE %

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Traded in Other Exchanges

NPW:Singapore

Address

Jalan Perigi Nanas 6/1, Pulau Indah Industrial Park, West Port, Pulau Indah, Lot 6, 8, 9, Port Klang, SGR, MYS, 42920

Website

https://www.msmelt.com

Malaysia Smelting Corp Bhd is an investment holding company. It operates in two segments: Tin smelting and Tin Mining. The majority of its revenue comes from the Tin Smelting segment, which includes the smelting of tin concentrates and tin-bearing materials, the production of various grades of refined tin metal, and the sale and delivery of refined tin metal and by-products.

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