MY E.G.Services Bhd (XKLS:0138) ROCE % : 20.72% (As of Sep. 2023)

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What is MY E.G.Services 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. MY E.G.Services Bhd's annualized ROCE % for the quarter that ended in Sep. 2023 was 20.72%.

MY E.G.Services Bhd ROCE % Historical Data

The historical data trend for MY E.G.Services 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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MY E.G.Services Bhd ROCE % Chart

MY E.G.Services Bhd Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Dec20

Dec21

Dec22

ROCE %

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38.29

35.86

28.62

22.50

21.53

MY E.G.Services Bhd Quarterly Data
	Dec17	Mar18	Dec18	Mar19	Jun19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															32.69	14.83	19.26	20.33	20.72

MY E.G.Services Bhd ROCE % Calculation

MY E.G.Services 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 )
	=	413.608	/	( ( (1883.604 - 240.758)	+	(2539.677 - 339.558) )	/ 2 )
	=	413.608	/	( (1642.846	+	2200.119)	/ 2 )
	=	413.608	/	1921.4825
	=	21.53 %

MY E.G.Services Bhd's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	543.584	/	( ( (2790.211 - 359.425)	+	(3094.755 - 279.275) )	/ 2 )
	=	543.584	/	( ( 2430.786	+	2815.48 )	/ 2 )
	=	543.584	/	2623.133
	=	20.72 %

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

MY E.G.Services Bhd (XKLS:0138) 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.

MY E.G.Services Bhd ROCE % Related Terms

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MY E.G.Services Bhd (XKLS:0138) Business Description

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Traded in Other Exchanges

N/A

Address

No. 8, Jalan Damansara, PJU 8, Level 43A, MYEG Tower, Empire City, Petaling Jaya, SGR, MYS, 47820

Website

https://www.myeg.com.my

MY E.G.Services Bhd, or MYEG, provides electronic government solutions and services in Malaysia. The company is majorly engaged in the development and implementation of the Electronic Government Services project, the provision of other related services, and investment holding. Electronic Government Services include the testing, issuance, and renewal of drivers' licenses, renewal of vehicle road tax, vehicle ownership transfer, the renewal of foreign workers permits, bankruptcy status searches, and payment systems. It also provides commercial offerings, such as insurance, credit and debit payment solutions, tracking systems, and telecommunications services. It derives the majority of revenue from Malaysia.

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