Minox International Group Bhd (XKLS:0288) ROCE % : 13.42% (As of Dec. 2024)

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What is Minox International 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. Minox International Group Bhd's annualized ROCE % for the quarter that ended in Dec. 2024 was 13.42%.

Minox International Group Bhd ROCE % Historical Data

The historical data trend for Minox International 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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Minox International Group Bhd ROCE % Chart

Minox International Group Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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11.82

20.23

22.88

10.67

8.55

Minox International Group Bhd Quarterly Data
	Dec19	Dec20	Dec21	Dec22	Apr23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial						-4.34	1.70	4.89	14.40	13.42

Minox International Group Bhd ROCE % Calculation

Minox International Group Bhd's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	8.422	/	( ( (113.444 - 15.02)	+	(108.302 - 9.72) )	/ 2 )
	=	8.422	/	( (98.424	+	98.582)	/ 2 )
	=	8.422	/	98.503
	=	8.55 %

Minox International Group Bhd's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	13.1	/	( ( (105.595 - 8.901)	+	(108.302 - 9.72) )	/ 2 )
	=	13.1	/	( ( 96.694	+	98.582 )	/ 2 )
	=	13.1	/	97.638
	=	13.42 %

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

Minox International Group Bhd (XKLS:0288) 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.

Minox International Group Bhd ROCE % Related Terms

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Minox International Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Minox International Group Bhd (XKLS:0288) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3, Jalan Industri PBP 11, Taman Industri Pusat Bandar Puchong, Puchong, SGR, MYS, 47100

Website

https://www.minox.biz

Minox International Group Bhd is principally an investment holding company. It is involved in the distribution of stainless steel sanitary valves, tubes & fittings, installation components & equipment, rubber hoses under its MINOX brand, and other related products. Minox offers a comprehensive range of products that cater to the industrial end-customers diverse requirements. The range includes different types and specifications such as size, dimension, material grade, and surface finishing.

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