Propel Global Bhd (XKLS:0091) ROCE % : -6.30% (As of Mar. 2024)

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What is Propel Global 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. Propel Global Bhd's annualized ROCE % for the quarter that ended in Mar. 2024 was -6.30%.

Propel Global Bhd ROCE % Historical Data

The historical data trend for Propel Global 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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Propel Global Bhd ROCE % Chart

Propel Global Bhd Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Jun21

Jun22

Jun23

ROCE %

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-5.49

-427.34

10.27

Propel Global Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															4.37	12.47	4.04	4.12	-6.30

Propel Global Bhd ROCE % Calculation

Propel Global 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 )
	=	11.658	/	( ( (171.532 - 66.112)	+	(192.595 - 70.97) )	/ 2 )
	=	11.658	/	( (105.42	+	121.625)	/ 2 )
	=	11.658	/	113.5225
	=	10.27 %

Propel Global 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 )
	=	-7.64	/	( ( (205.77 - 83.554)	+	(219.518 - 99.108) )	/ 2 )
	=	-7.64	/	( ( 122.216	+	120.41 )	/ 2 )
	=	-7.64	/	121.313
	=	-6.30 %

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

Propel Global Bhd (XKLS:0091) 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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Propel Global Bhd (XKLS:0091) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Propel Global Bhd (XKLS:0091) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Jalan Dutamas 1, D5-1-1, Solaris Dutamas No.1, Kuala Lumpur, SGR, MYS, 50480

Website

https://www.propelglobal.com.my

Propel Global Bhd is engaged in three business segments Oil & Gas, Technical Services and Others. It derives key revenue from the Technical Services segment which provides services in industrial, commercial, residential construction and office maintenance. The Oil & Gas segment is involved in the supply of specialty chemicals & catalysts, provision of heavy machineries & related manpower services, maintenance services for air conditioning & ventilation system, specialized oilfield services in pipe recovery, well intervention & diagnostic, sand management and production enhancement to the oil and gas industry. Other segment include Investment holding & business. Geographically it operates in Malaysia and Other countries, out of which the majority of its revenue is from the domestic market.

Propel Global Bhd (XKLS:0091) Headlines

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