Go Innovate Asia Bhd (XKLS:03028) ROCE %: 51.63% (As of Jun. 2025)


What is Go Innovate Asia Bhd ROCE %?

Go Innovate Asia Bhd XKLS:03028 ROCE % is 51.63% as of Jun. 2025. The stock has 3 warning signs investors should review.

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. Go Innovate Asia Bhd's annualized ROCE % for the quarter that ended in Jun. 2025 was 51.63%.

Go Innovate Asia Bhd  (XKLS:03028) 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.

Go Innovate Asia Bhd ROCE % Related Terms

Go Innovate Asia Bhd ROCE % Historical Data

* Premium members only.

The historical data trend for Go Innovate Asia 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.

Go Innovate Asia Bhd ROCE % Chart

Go Innovate Asia Bhd Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
ROCE %
Get a 7-Day Free Trial 18.39 4.80 3.03 8.11 -73.80

Go Innovate Asia Bhd Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.97 3.24 -17.42 -132.36 51.63

Go Innovate Asia Bhd ROCE % Calculation

Go Innovate Asia 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 )
=-15.379/( ( (58.243 - 29.474) + (90.462 - 77.554) )/ 2 )
=-15.379/( (28.769+12.908)/ 2 )
=-15.379/20.8385
=-73.80 %

Go Innovate Asia Bhd's ROCE % of for the quarter that ended in Jun. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2025 )  (Q: Dec. 2024 )(Q: Jun. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2025 )  (Q: Dec. 2024 )(Q: Jun. 2025 )
=7.198/( ( (90.462 - 77.554) + (149.07 - 134.097) )/ 2 )
=7.198/( ( 12.908 + 14.973 )/ 2 )
=7.198/13.9405
=51.63 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2025) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 51.63% mean?
Go Innovate Asia Bhd (XKLS:03028) has a ROCE % of 51.63% as of Jun. 2025.
Is Go Innovate Asia Bhd's ROCE % too high?
Go Innovate Asia Bhd's current ROCE % is 51.63%. The Capital Markets industry median ROCE % is 5.58. Go Innovate Asia Bhd's value of 51.63% is 826.1% above this industry median.
How does Go Innovate Asia Bhd's ROCE % compare to MS and GS?
Go Innovate Asia Bhd's ROCE % of 51.63% can be compared against companies in the Capital Markets industry. The industry median ROCE % is 5.58. Go Innovate Asia Bhd's value of 51.63% is 826.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Capital Markets company?
The median ROCE % among Capital Markets companies is 5.58, based on 690 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Go Innovate Asia Bhd's current ROCE % of 51.63% is 826.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Capital Markets industry, the median ROCE % is 5.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Go Innovate Asia Bhd's current ROCE % is 51.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Go Innovate Asia Bhd stock overvalued right now?
Go Innovate Asia Bhd (XKLS:03028) has a current ROCE % of 51.63%. The stock's GF Value™ is RM0.38, compared to a current price of RM0.03 — trading 92.1% below its estimated fair value. The current ROCE % is 51.63% and 826.1% above the Capital Markets industry median of 5.58. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Go Innovate Asia Bhd (XKLS:03028), the current ROCE % is 51.63% as of Jun. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Go Innovate Asia Bhd Business Description

Address 3A-D, Jalan USJ10/1A, Subang Jaya, Kuala Lumpur, SGR, MYS, 47610
Go Innovate Asia Bhd is investment holding company. The principal activities of its subsidiaries include trading in precious metals, provide services relating to the online precious metals trading platform and such other business which are necessary for and/or incident to the aforesaid business, developing information technology (IT), dealing and trading in providing information, communication and technology (ICT) services and consultancy, deal, trade and provide software research and development businesses, technical testing and analysis, assaying and refining of precious metals, and promoting and marketing all kinds of gold products.