Artroniq Bhd (XKLS:0038) ROCE % : -0.36% (As of Dec. 2023)

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What is Artroniq 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. Artroniq Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.36%.

Artroniq Bhd ROCE % Historical Data

The historical data trend for Artroniq 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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Artroniq Bhd ROCE % Chart

Artroniq Bhd Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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5.82

-9.22

-14.74

-10.54

Artroniq Bhd Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															4.49	10.38	23.41	0.41	-0.36

Artroniq Bhd ROCE % Calculation

Artroniq Bhd's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	-3.138	/	( ( (34.007 - 4.89)	+	(42.897 - 12.484) )	/ 2 )
	=	-3.138	/	( (29.117	+	30.413)	/ 2 )
	=	-3.138	/	29.765
	=	-10.54 %

Artroniq 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 )
	=	-0.328	/	( ( (114.915 - 25.914)	+	(105.544 - 10.451) )	/ 2 )
	=	-0.328	/	( ( 89.001	+	95.093 )	/ 2 )
	=	-0.328	/	92.047
	=	-0.36 %

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

Artroniq Bhd (XKLS:0038) 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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Artroniq Bhd (XKLS:0038) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Artroniq Bhd (XKLS:0038) » Definitions » ROCE %

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N/A

Address

No. 12, Jalan Pelukis U1/46B, Kawasan Perindustrian Temasya 18, Glenmarie, Shah Alam, SGR, MYS, 40150

Website

https://www.artroniq.com

Artroniq Bhd is an investment holding company. It operates in five segments: Trading of information and communication technology ('ICT') products; ICT-related services; Finance and investment consultation services; Management services; and Semiconductor. It generates maximum revenue from Trading of ICT products. The company operates in Malaysia, Asia, the Middle East, America, and others.

Artroniq Bhd (XKLS:0038) Headlines

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