Glostrext Bhd (XKLS:0284) ROCE % : 10.43% (As of Mar. 2023)

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What is Glostrext 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. Glostrext Bhd's annualized ROCE % for the quarter that ended in Mar. 2023 was 10.43%.

Glostrext Bhd ROCE % Historical Data

The historical data trend for Glostrext 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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Glostrext Bhd ROCE % Chart

Glostrext Bhd Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

16.03

9.55

23.18

10.43

Glostrext Bhd Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
ROCE %	16.03	9.55	23.18	10.43

Glostrext Bhd ROCE % Calculation

Glostrext 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 )
	=	5.392	/	( ( (43.394 - 4.125)	+	(66.487 - 2.41) )	/ 2 )
	=	5.392	/	( (39.269	+	64.077)	/ 2 )
	=	5.392	/	51.673
	=	10.43 %

Glostrext Bhd's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	5.392	/	( ( (43.394 - 4.125)	+	(66.487 - 2.41) )	/ 2 )
	=	5.392	/	( ( 39.269	+	64.077 )	/ 2 )
	=	5.392	/	51.673
	=	10.43 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

Glostrext Bhd (XKLS:0284) 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.

Glostrext Bhd ROCE % Related Terms

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Glostrext Bhd (XKLS:0284) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Glostrext Bhd (XKLS:0284) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 11A, Jalan Apollo U5/194, Bandar Pinggiran Subang, Seksyen U5, Shah Alam, SGR, MYS, 40150

Website

https://www.glostrext.com

Glostrext Bhd is a geotechnical instrumentation service provider, where it provides piling, structural and geotechnical-related services, covering instrumentation, testing and monitoring services to construction projects as well as completed buildings and infrastructure. Its service offerings can be categorized into 2 segments; Provision of pile instrumentation and static load test services to construction projects and Provision of structural and ground instrumentation and monitoring services to construction projects as well as completed buildings and infrastructures. The majority of revenue is derived from pile instrumentation and static load test services.

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