TransOcean Holdings Bhd (XKLS:7218) ROCE % : -6.10% (As of Dec. 2023)

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What is TransOcean Holdings 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. TransOcean Holdings Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.10%.

TransOcean Holdings Bhd ROCE % Historical Data

The historical data trend for TransOcean Holdings 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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TransOcean Holdings Bhd ROCE % Chart

TransOcean Holdings Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-12.37

-5.85

3.39

3.21

-1.36

TransOcean Holdings 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															3.16	2.29	-2.08	0.54	-6.10

TransOcean Holdings Bhd ROCE % Calculation

TransOcean Holdings 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 )
	=	-0.965	/	( ( (70.592 - 6.923)	+	(96.24 - 18.142) )	/ 2 )
	=	-0.965	/	( (63.669	+	78.098)	/ 2 )
	=	-0.965	/	70.8835
	=	-1.36 %

TransOcean Holdings 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 )
	=	-4.332	/	( ( (73.836 - 9.932)	+	(96.24 - 18.142) )	/ 2 )
	=	-4.332	/	( ( 63.904	+	78.098 )	/ 2 )
	=	-4.332	/	71.001
	=	-6.10 %

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

TransOcean Holdings Bhd (XKLS:7218) 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.

TransOcean Holdings Bhd ROCE % Related Terms

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TransOcean Holdings Bhd (XKLS:7218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » TransOcean Holdings Bhd (XKLS:7218) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 2955, 2956 & 2957, Jalan Perusahaan Sungai Lokan 3, Kawasan Perusahaan Sungai Lokan, Butterworth, PNG, MYS, 13400

Website

https://www.transocean.com.my

TransOcean Holdings Bhd is a provider of logistics and logistics related activities. The company provides trucking services and cross-border trucking services for consolidation cargo or loose truck loads services from the Malaysia-Singapore-Malaysia and Malaysia-Thailand-Malaysia routes. Its segments consist of Logistic solution that provide customs brokerage, warehousing, freight forwarding trucking related services, international air and ocean freight services; Tyre products that manufactures and trades in tyres; and Investment holdings that provides management services and letting of properties. Majority of the revenue is derived from the provision of custom brokerage, warehousing, freight forwarding trucking related services, international air and ocean freight services.

TransOcean Holdings Bhd (XKLS:7218) Headlines

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