Tiong Nam Logistics Holdings Bhd (XKLS:8397) ROCE % : 4.34% (As of Jun. 2024)

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What is Tiong Nam Logistics 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. Tiong Nam Logistics Holdings Bhd's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.34%.

Tiong Nam Logistics Holdings Bhd ROCE % Historical Data

The historical data trend for Tiong Nam Logistics 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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Tiong Nam Logistics Holdings Bhd ROCE % Chart

Tiong Nam Logistics Holdings Bhd Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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4.44

4.10

3.34

4.66

6.10

Tiong Nam Logistics Holdings Bhd Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															2.94	3.59	14.85	3.32	4.34

Tiong Nam Logistics Holdings Bhd ROCE % Calculation

Tiong Nam Logistics Holdings Bhd's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	133.562	/	( ( (2601.197 - 570.337)	+	(2989.622 - 638.904) )	/ 2 )
	=	133.562	/	( (2030.86	+	2350.718)	/ 2 )
	=	133.562	/	2190.789
	=	6.10 %

Tiong Nam Logistics Holdings Bhd's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	102.992	/	( ( (2989.622 - 638.904)	+	(3053.936 - 660.366) )	/ 2 )
	=	102.992	/	( ( 2350.718	+	2393.57 )	/ 2 )
	=	102.992	/	2372.144
	=	4.34 %

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

Tiong Nam Logistics Holdings Bhd (XKLS:8397) 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.

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Tiong Nam Logistics Holdings Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tiong Nam Logistics Holdings Bhd (XKLS:8397) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Jalan Kempas Baru, Lot 30462, Johor Bahru, JHR, MYS, 81200

Website

https://www.tiongnam.com

Tiong Nam Logistics Holdings Bhd is a Malaysia-based investment holding company engaged in the provision of fully integrated logistics and warehousing services in the Asia Pacific region. It operates through four segments namely Logistics and warehousing services, which is the key revenue driver; Investment, Property Development, and Hotel and dormitory. It offers a variety of services such as warehouse space management services, trucking delivery, cross-border transfers, container haulage, heavy transportation, and last measure delivery for e-commerce companies. The company operates mainly in Malaysia.

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