Advance Packaging Technology (M) Bhd (XKLS:9148) ROCE % : 2.43% (As of Mar. 2024)

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What is Advance Packaging Technology (M) 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. Advance Packaging Technology (M) Bhd's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.43%.

Advance Packaging Technology (M) Bhd ROCE % Historical Data

The historical data trend for Advance Packaging Technology (M) 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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Advance Packaging Technology (M) Bhd ROCE % Chart

Advance Packaging Technology (M) Bhd Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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11.55

-0.69

2.44

-4.64

-3.88

Advance Packaging Technology (M) Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															-6.32	-3.61	-0.86	-0.09	2.43

Advance Packaging Technology (M) Bhd ROCE % Calculation

Advance Packaging Technology (M) Bhd's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-1.43	/	( ( (36.243 - 6.127)	+	(51.359 - 7.84) )	/ 2 )
	=	-1.43	/	( (30.116	+	43.519)	/ 2 )
	=	-1.43	/	36.8175
	=	-3.88 %

Advance Packaging Technology (M) Bhd's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	1.056	/	( ( (49.507 - 6.245)	+	(50.514 - 6.782) )	/ 2 )
	=	1.056	/	( ( 43.262	+	43.732 )	/ 2 )
	=	1.056	/	43.497
	=	2.43 %

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

Advance Packaging Technology (M) Bhd (XKLS:9148) 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.

Advance Packaging Technology (M) Bhd ROCE % Related Terms

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Advance Packaging Technology (M) Bhd (XKLS:9148) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Advance Packaging Technology (M) Bhd (XKLS:9148) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 2, Jalan P/2A, Kawasan MIEL, Bangi Industrial Estate, Bandar Baru Bangi, SGR, MYS, 43650

Website

https://www.advancedpack.com.my

Advance Packaging Technology (M) Bhd is principally engaged in the manufacturing and distribution of flexible packaging materials in Malaysia. The company produces flexible packaging materials catering to a wide cross-section of industries in both the local and overseas markets such as snack foods, Instant noodles, sweets and confectionery, liquid condiments, frozen foods, spices, beverages, medical/surgical products, pharmaceuticals, and others. Geographically, it generates the majority revenue from Malaysia and also has an operation in Mauritius, Hong Kong, and Brunei.

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