Iris Bhd (XKLS:0010) ROCE % : 14.53% (As of Dec. 2023)

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What is Iris 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. Iris Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.53%.

Iris Bhd ROCE % Historical Data

The historical data trend for Iris 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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Iris Bhd ROCE % Chart

Iris Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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19.36

7.52

-2.43

1.80

9.68

Iris Bhd Quarterly Data
	Mar19	Jun19	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															12.43	9.59	13.77	10.42	14.53

Iris Bhd ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	33.588	/	( ( (509.011 - 170.066)	+	(528.516 - 173.226) )	/ 2 )
	=	33.588	/	( (338.945	+	355.29)	/ 2 )
	=	33.588	/	347.1175
	=	9.68 %

Iris 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 )
	=	54.996	/	( ( (638.284 - 264.862)	+	(651.201 - 267.494) )	/ 2 )
	=	54.996	/	( ( 373.422	+	383.707 )	/ 2 )
	=	54.996	/	378.5645
	=	14.53 %

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

Iris Bhd (XKLS:0010) 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.

Iris Bhd ROCE % Related Terms

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Iris Bhd (XKLS:0010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Iris Corp Bhd (XKLS:0010) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

IRIS Smart Tech Complex, Technology Park Malaysia, Bukit Jalil, Kuala Lumpur, SGR, MYS, 57000

Website

https://www.iris.com.my

Iris Corp Bhd is engaged in operations of segments such as Trusted Identification, Property Development and Construction subdivision, and Food and Agro Technology. It generates maximum revenue from the Trusted identification division segment. The trusted identification division segment includes e-Passports, e-Identification cards, banking cards, transportation, and other related Trusted Identification devices, equipment, and services. Geographically, it derives a majority of revenue from Africa and also has a presence in Malaysia, Asia Pacific, Oceania, and North America.

Iris Bhd (XKLS:0010) Headlines

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