Mercury Securities Group Bhd (XKLS:0285) ROCE % : 6.67% (As of Oct. 2023)

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What is Mercury Securities Group 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. Mercury Securities Group Bhd's annualized ROCE % for the quarter that ended in Oct. 2023 was 6.67%.

Mercury Securities Group Bhd ROCE % Historical Data

The historical data trend for Mercury Securities Group 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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Mercury Securities Group Bhd ROCE % Chart

Mercury Securities Group Bhd Annual Data

Trend

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

9.72

18.45

23.00

19.00

8.39

Mercury Securities Group Bhd Semi-Annual Data
	Oct19	Oct20	Oct21	Apr22	Oct22	Apr23	Oct23
ROCE %	Get a 7-Day Free Trial			-	21.85	16.32	9.52	6.67

Mercury Securities Group Bhd ROCE % Calculation

Mercury Securities Group Bhd's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	12.491	/	( ( (145.599 - 19.639)	+	(185.473 - 13.638) )	/ 2 )
	=	12.491	/	( (125.96	+	171.835)	/ 2 )
	=	12.491	/	148.8975
	=	8.39 %

Mercury Securities Group Bhd's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	11.192	/	( ( (177.542 - 13.704)	+	(185.473 - 13.638) )	/ 2 )
	=	11.192	/	( ( 163.838	+	171.835 )	/ 2 )
	=	11.192	/	167.8365
	=	6.67 %

(1) Note: The EBIT data used here is two times the semi-annual (Oct. 2023) EBIT data.

Mercury Securities Group Bhd (XKLS:0285) 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.

Mercury Securities Group Bhd ROCE % Related Terms

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Mercury Securities Group Bhd (XKLS:0285) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Mercury Securities Group Bhd (XKLS:0285) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 Jalan Solaris, L-7-2, Solaris Mont Kiara, Kuala Lumpur, MYS, 50480

Website

https://www.mercurysecurities.com.my

Mercury Securities Group Bhd is an investment holding company and through its subsidiaries, It is principally engaged in stockbroking, corporate finance advisory and other related businesses as well as the provision of nominee and custodian services. Mercury provides stockbroking services comprising execution of trades of securities listed on Bursa Securities and foreign stock exchanges mainly in Singapore, Hong Kong and the USA, as well as margin financing facility services, nominees, custodians and related services. It is also licensed by the Securities Commission Malaysia to undertake regulated corporate finance activities as a Principal or Independent Advisor.

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