ICT Zone Asia Bhd (XKLS:03038) ROCE % : 14.92% (As of Jan. 2024)

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What is ICT Zone Asia 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. ICT Zone Asia Bhd's annualized ROCE % for the quarter that ended in Jan. 2024 was 14.92%.

ICT Zone Asia Bhd ROCE % Historical Data

The historical data trend for ICT Zone 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.

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ICT Zone Asia Bhd ROCE % Chart

ICT Zone Asia Bhd Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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12.97

16.83

13.25

13.73

12.01

ICT Zone Asia Bhd Semi-Annual Data
	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
ROCE %	Get a 7-Day Free Trial						10.62	11.61	15.28	8.06	14.92

ICT Zone Asia Bhd ROCE % Calculation

ICT Zone Asia Bhd's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	12.695	/	( ( (105.854 - 26.019)	+	(191.61 - 60.105) )	/ 2 )
	=	12.695	/	( (79.835	+	131.505)	/ 2 )
	=	12.695	/	105.67
	=	12.01 %

ICT Zone Asia Bhd's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	17.834	/	( ( (162.805 - 55.205)	+	(191.61 - 60.105) )	/ 2 )
	=	17.834	/	( ( 107.6	+	131.505 )	/ 2 )
	=	17.834	/	119.5525
	=	14.92 %

(1) Note: The EBIT data used here is two times the semi-annual (Jan. 2024) EBIT data.

ICT Zone Asia Bhd (XKLS:03038) 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.

ICT Zone Asia Bhd ROCE % Related Terms

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ICT Zone Asia Bhd (XKLS:03038) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ICT Zone Asia Bhd (XKLS:03038) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

03038P.PFD:Malaysia

Address

Jalan Ampang Putra, Ground Floor, Block H, Excella Business Park, Wilayah Persekutuan, Ampang, Kuala Lumpur, SGR, MYS, 55100

Website

https://www.ictzone.asia

ICT Zone Asia Bhd is an investment holding company. It operates in the following segments: Leasing, which involves the operating lease of ICT hardware and software without services as well as disposal of assets returned at the end of the operating lease; Trading includes outright sales of ICT hardware and software; Service segment includes the provision of ICT services that comprise of corrective and preventative maintenance; Rental segment includes rental of ICT hardware and software inclusive of corrective and preventative maintenance; and Cloud solution and service.

ICT Zone Asia Bhd (XKLS:03038) Headlines

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