Astramina Group Bhd (XKLS:03032) ROCE % : 16.59% (As of Aug. 2023)

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What is Astramina 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. Astramina Group Bhd's annualized ROCE % for the quarter that ended in Aug. 2023 was 16.59%.

Astramina Group Bhd ROCE % Historical Data

The historical data trend for Astramina 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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Astramina Group Bhd ROCE % Chart

Astramina Group Bhd Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

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21.85

15.07

15.35

12.92

Astramina Group Bhd Semi-Annual Data
	Feb18	Aug18	Feb19	Aug19	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
ROCE %	Get a 7-Day Free Trial						17.83	12.90	10.64	15.24	16.59

Astramina Group Bhd ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	6.699	/	( ( (52.921 - 3.45)	+	(55.902 - 1.651) )	/ 2 )
	=	6.699	/	( (49.471	+	54.251)	/ 2 )
	=	6.699	/	51.861
	=	12.92 %

Astramina Group Bhd's ROCE % of for the quarter that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	9.306	/	( ( (55.902 - 1.651)	+	(60.407 - 2.447) )	/ 2 )
	=	9.306	/	( ( 54.251	+	57.96 )	/ 2 )
	=	9.306	/	56.1055
	=	16.59 %

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

Astramina Group Bhd (XKLS:03032) 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.

Astramina Group Bhd ROCE % Related Terms

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Astramina Group Bhd (XKLS:03032) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Astramina Group Bhd (XKLS:03032) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 102, Jalan Metro Perdana Barat 13, Sri Edaran Industrial Park, Off Jalan Kepong, Kuala Lumpur, MYS, 52100

Website

https://www.seasonings.com.my

Astramina Group Bhd through its subsidiary is engaged in the manufacturing and selling of food ingredients, and trading of food ingredients. The company distribute its seasoning products through several key distributors from Singapore, South Korea, Sri Lanka, Bangladesh, Pakistan, Indonesia, Myanmar and China. The operating business segments are manufacturing and selling of food ingredients, and trading of food ingredients, with maximum revenue from manufacturing and selling of food ingredients segment.

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