Cekd Bhd (XKLS:0238) ROCE % : 9.66% (As of Feb. 2024)

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What is Cekd 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. Cekd Bhd's annualized ROCE % for the quarter that ended in Feb. 2024 was 9.66%.

Cekd Bhd ROCE % Historical Data

The historical data trend for Cekd 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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Cekd Bhd ROCE % Chart

Cekd Bhd Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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32.30

18.42

17.26

11.99

8.72

Cekd Bhd Quarterly Data
	Aug18	Aug19	Aug20	Mar21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial										7.18	11.23	8.97	13.09	9.66

Cekd Bhd ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	7.449	/	( ( (85.68 - 6.273)	+	(98.186 - 6.714) )	/ 2 )
	=	7.449	/	( (79.407	+	91.472)	/ 2 )
	=	7.449	/	85.4395
	=	8.72 %

Cekd Bhd's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	7.148	/	( ( (83.495 - 7.22)	+	(75.153 - 3.47) )	/ 2 )
	=	7.148	/	( ( 76.275	+	71.683 )	/ 2 )
	=	7.148	/	73.979
	=	9.66 %

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

Cekd Bhd (XKLS:0238) 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.

Cekd Bhd ROCE % Related Terms

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Cekd Bhd (XKLS:0238) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cekd Bhd (XKLS:0238) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10, Jalan 1/137B, Batu 5, Jalan Kelang Lama, Resource Industrial Centre, Kuala Lumpur, SGR, MYS, 58200

Website

http://www.cekd.com.my

Cekd Bhd is a die-cutting solutions provider and is involved in the manufacturing of die-cutting moulds and trading of related consumables, tools, and accessories, mainly to the paper printing and packaging industry, E&E industry, and other industries such as automotive, plastic packaging, textile, and leather industries. Its operating segments are Manufacturing, Trading, and Investment Holding and it generates the majority of its revenue from the Manufacturing segment.

Cekd Bhd (XKLS:0238) Headlines

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