MESB Bhd (XKLS:7234) ROCE % : 15.68% (As of Dec. 2023)

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What is MESB 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. MESB Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.68%.

MESB Bhd ROCE % Historical Data

The historical data trend for MESB 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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MESB Bhd ROCE % Chart

MESB Bhd Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Jun20

Jun21

Jun22

Jun23

ROCE %

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-4.38

-30.38

16.40

26.92

15.62

MESB Bhd Quarterly Data
	Sep18	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															24.34	20.88	16.60	1.89	15.68

MESB Bhd ROCE % Calculation

MESB Bhd's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	18.495	/	( ( (150.761 - 59.622)	+	(174.401 - 28.655) )	/ 2 )
	=	18.495	/	( (91.139	+	145.746)	/ 2 )
	=	18.495	/	118.4425
	=	15.62 %

MESB 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 )
	=	23.272	/	( ( (183.01 - 36.984)	+	(194.757 - 44.038) )	/ 2 )
	=	23.272	/	( ( 146.026	+	150.719 )	/ 2 )
	=	23.272	/	148.3725
	=	15.68 %

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

MESB Bhd (XKLS:7234) 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.

MESB Bhd ROCE % Related Terms

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MESB Bhd (XKLS:7234) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » MESB Bhd (XKLS:7234) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 1903A, 1st Floor, Jalan KPB7, Kawasan Perindustrian Kg. Baru Balakong, Seri Kembangan, SGR, MYS, 43300

Website

http://www.mesbbhd.com

MESB Bhd is an investment holding company. The company segment includes Retailing; Investment holding and Waste recycling. It generates maximum revenue from the Retailing segment. The retailing segment is involved in the trading and retailing of leather products, apparel, and accessories. The investment holding segment is involved in investment holding, and the Waste recycling segment is involved in the waste recycling business.

MESB Bhd (XKLS:7234) Headlines

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