Vitrox Bhd (XKLS:0097) ROCE % : 7.77% (As of Mar. 2024)

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What is Vitrox 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. Vitrox Bhd's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.77%.

Vitrox Bhd ROCE % Historical Data

The historical data trend for Vitrox 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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Vitrox Bhd ROCE % Chart

Vitrox Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.72

19.66

26.53

24.81

14.95

Vitrox Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															15.09	17.09	15.38	12.07	7.77

Vitrox Bhd ROCE % Calculation

Vitrox 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 )
	=	145.711	/	( ( (1138.152 - 200.703)	+	(1166.419 - 154.329) )	/ 2 )
	=	145.711	/	( (937.449	+	1012.09)	/ 2 )
	=	145.711	/	974.7695
	=	14.95 %

Vitrox 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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	79.28	/	( ( (1166.419 - 154.329)	+	(1167.275 - 139.037) )	/ 2 )
	=	79.28	/	( ( 1012.09	+	1028.238 )	/ 2 )
	=	79.28	/	1020.164
	=	7.77 %

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

Vitrox Bhd (XKLS:0097) 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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Vitrox Bhd (XKLS:0097) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Vitrox Corp Bhd (XKLS:0097) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

746, Persiaran Cassia Selatan 3, Batu Kawan Industrial Park, Bandar Cassia, MYS, 14110

Website

https://www.vitrox.com

Vitrox Corp Bhd is an investment holding company. It develops a vision inspection system and printed circuit board assemblies for microprocessor applications. A major part of its revenue is generated from the company's Malaysia region. Its products include Vision Inspection System; Tray-based Vision Handler; Advanced 3D Solder Paste Inspection System (SPI); Advanced 3D Optical Inspection System (AOI); Advanced 3D X-ray Inspection System (AXI); Electronic Communication System and V-ONE.

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