Asia Poly Holdings Bhd (XKLS:0105) ROCE % : -11.63% (As of Dec. 2023)

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What is Asia Poly Holdings 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. Asia Poly Holdings Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was -11.63%.

Asia Poly Holdings Bhd ROCE % Historical Data

The historical data trend for Asia Poly Holdings 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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Asia Poly Holdings Bhd ROCE % Chart

Asia Poly Holdings Bhd Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.84

16.16

-3.85

-4.92

-4.24

Asia Poly Holdings 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															-14.61	-2.68	7.46	-10.50	-11.63

Asia Poly Holdings Bhd ROCE % Calculation

Asia Poly Holdings 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 )
	=	-7.224	/	( ( (235.978 - 56.342)	+	(213.331 - 52.587) )	/ 2 )
	=	-7.224	/	( (179.636	+	160.744)	/ 2 )
	=	-7.224	/	170.19
	=	-4.24 %

Asia Poly Holdings 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 )
	=	-19.16	/	( ( (211.903 - 43.029)	+	(213.331 - 52.587) )	/ 2 )
	=	-19.16	/	( ( 168.874	+	160.744 )	/ 2 )
	=	-19.16	/	164.809
	=	-11.63 %

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

Asia Poly Holdings Bhd (XKLS:0105) 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.

Asia Poly Holdings Bhd ROCE % Related Terms

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Asia Poly Holdings Bhd (XKLS:0105) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Asia Poly Holdings Bhd (XKLS:0105) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 758, Jalan Haji Sirat, Mukim Kapar, Klang, SGR, MYS, 42100

Website

https://www.asiapoly.com.my

Asia Poly Holdings Bhd is an investment holding company engaged in the manufacturing and selling of cast acrylic products. The business activity of the group is operated through Manufacturing, Trading, Property development, Renewable energy, Investment holdings and Other segments. Geographically the company operates in Malaysia. Middle East, Europe, USA, India, Brazil and others.

Asia Poly Holdings Bhd (XKLS:0105) Headlines

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