Alpha Ocean Resources Bhd (XKLS:03051) ROCE % : -20.53% (As of Dec. 2023)

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What is Alpha Ocean Resources 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. Alpha Ocean Resources Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was -20.53%.

Alpha Ocean Resources Bhd ROCE % Historical Data

The historical data trend for Alpha Ocean Resources 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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Alpha Ocean Resources Bhd ROCE % Chart

Alpha Ocean Resources Bhd Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

9,125.00

7,218.75

30,341.94

-4.75

-34.99

Alpha Ocean Resources Bhd Semi-Annual Data
	Jun19	Jun20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-18.80	4.65	-27.29	-43.63	-20.53

Alpha Ocean Resources Bhd ROCE % Calculation

Alpha Ocean Resources Bhd's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-7.866	/	( ( (28.94 - 2.941)	+	(20.129 - 1.167) )	/ 2 )
	=	-7.866	/	( (25.999	+	18.962)	/ 2 )
	=	-7.866	/	22.4805
	=	-34.99 %

Alpha Ocean Resources Bhd's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-3.69	/	( ( (20.129 - 1.167)	+	(18.089 - 1.098) )	/ 2 )
	=	-3.69	/	( ( 18.962	+	16.991 )	/ 2 )
	=	-3.69	/	17.9765
	=	-20.53 %

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

Alpha Ocean Resources Bhd (XKLS:03051) 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.

Alpha Ocean Resources Bhd ROCE % Related Terms

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Alpha Ocean Resources Bhd (XKLS:03051) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Alpha Ocean Resources Bhd (XKLS:03051) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.3, Jalan Bangsar, Unit SO-33A-1 & SO-33A-8, Menara 1, Strata Offices, KL Eco City, Kuala Lumpur, MYS, 59200

Website

https://www.aorb.com.my

Alpha Ocean Resources Bhd is a tuna fishing and trading company based in Malaysia, which focuses on delivering premium tuna fishes. The company is committed to providing customers with quality catches that are affordable and take measures to ensure fishing operations are sustainable.

Alpha Ocean Resources Bhd (XKLS:03051) Headlines

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