Ray Go Solar Holdings Bhd (XKLS:03052) ROCE %: 13.59% (As of Apr. 2026)


XKLS:03052 Ray Go Solar Holdings Bhd XKLS:03052
43 GF Score
Price RM0.17
GF Value RM0.24
! 7 Warning Signs
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What is Ray Go Solar Holdings Bhd ROCE %?

Ray Go Solar Holdings Bhd XKLS:03052 43 ROCE % is 13.59% as of Apr. 2026. GuruFocus rates XKLS:03052 with a GF Score™ of 43/100 and a GF Value™ of RM0.24. The stock has 7 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. Ray Go Solar Holdings Bhd's annualized ROCE % for the quarter that ended in Apr. 2026 was 13.59%.

Ray Go Solar Holdings Bhd  (XKLS:03052) 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.

Ray Go Solar Holdings Bhd ROCE % Related Terms

Ray Go Solar Holdings Bhd ROCE % Historical Data

* Premium members only.

The historical data trend for Ray Go Solar Holdings 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.

Ray Go Solar Holdings Bhd ROCE % Chart

Ray Go Solar Holdings Bhd Annual Data
Trend Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
ROCE %
Get a 7-Day Free Trial 31.90 -12.24 2.41 14.63 10.58

Ray Go Solar Holdings Bhd Semi-Annual Data
Oct19 Oct20 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 13.18 16.12 6.27 15.71 13.59
XKLS:03052
43GF Score
Ray Go Solar Holdings Bhd XKLS:03052
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Ray Go Solar Holdings Bhd ROCE % Calculation

Ray Go Solar Holdings Bhd's annualized ROCE % for the fiscal year that ended in Oct. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Oct. 2025 )  (A: Oct. 2024 )(A: Oct. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Oct. 2025 )  (A: Oct. 2024 )(A: Oct. 2025 )
=1.65/( ( (26.066 - 9.834) + (30.476 - 15.53) )/ 2 )
=1.65/( (16.232+14.946)/ 2 )
=1.65/15.589
=10.58 %

Ray Go Solar Holdings Bhd's ROCE % of for the quarter that ended in Apr. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Apr. 2026 )  (Q: Oct. 2025 )(Q: Apr. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Apr. 2026 )  (Q: Oct. 2025 )(Q: Apr. 2026 )
=2.178/( ( (30.476 - 15.53) + (23.096 - 5.998) )/ 2 )
=2.178/( ( 14.946 + 17.098 )/ 2 )
=2.178/16.022
=13.59 %

(1) Note: The EBIT data used here is two times the semi-annual (Apr. 2026) 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 13.59% mean?
Ray Go Solar Holdings Bhd (XKLS:03052) has a ROCE % of 13.59% as of Apr. 2026.
Is Ray Go Solar Holdings Bhd's ROCE % too high?
Ray Go Solar Holdings Bhd's current ROCE % is 13.59%. The Semiconductors industry median ROCE % is 4.81. Ray Go Solar Holdings Bhd's value of 13.59% is 182.8% above this industry median. Overall, Ray Go Solar Holdings Bhd has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Ray Go Solar Holdings Bhd's ROCE % compare to FSLR and NXT?
Ray Go Solar Holdings Bhd's ROCE % of 13.59% can be compared against companies in the Semiconductors industry. The industry median ROCE % is 4.81. Ray Go Solar Holdings Bhd's value of 13.59% is 182.8% 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 Semiconductors company?
The median ROCE % among Semiconductors companies is 4.81, based on 1,016 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. Ray Go Solar Holdings Bhd's current ROCE % of 13.59% is 182.8% 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 Semiconductors industry, the median ROCE % is 4.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ray Go Solar Holdings Bhd's current ROCE % is 13.59%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ray Go Solar Holdings Bhd stock overvalued right now?
Ray Go Solar Holdings Bhd (XKLS:03052) has a current ROCE % of 13.59%. The stock's GF Value™ is RM0.24, compared to a current price of RM0.17 — trading 29.2% below its estimated fair value. The current ROCE % is 13.59% and 182.8% above the Semiconductors industry median of 4.81. Ray Go Solar Holdings Bhd's overall GF Score™ is 43/100 with 7 warning signs to review. 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 Ray Go Solar Holdings Bhd (XKLS:03052), the current ROCE % is 13.59% as of Apr. 2026. 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.

Is Ray Go Solar Holdings Bhd (XKLS:03052) Overvalued in 2026?

Based on GuruFocus' analysis, Ray Go Solar Holdings Bhd stock appears to be undervalued. The current stock price of RM0.17 is trading 29.2% below its estimated GF Value™ of RM0.24.

Key valuation signals for XKLS:03052:

  • ROCE %: 13.59%
  • GF Value™: RM0.24 vs. price of RM0.17 (29.2% below fair value)
  • GF Score™: 43/100 with 7 warning signs
  • Industry Position: 182.8% above the Semiconductors median

No single metric tells the full story. See the XKLS:03052 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ray Go Solar Holdings Bhd Business Description

Address No. 44, Jalan Serendah 26/39, Hicom Industrial Estate, Shah Alam, SGR, MYS, 40400
Ray Go Solar Holdings Bhd is a solar engineering procurement construction (EPC) company providing integrated solar services throughout the entire process of installing a photovoltaic (PV) system. Its business segments include Sales of energy generated from solar projects; and Engineering, Procurement, Construction, and Commissions (EPCC) in solar projects; and operations and maintenance for solar projects. Maximum revenue for the company is derived from its EPCC segment. Geographically, it operates only in Malaysia.
43GF Score

Get the complete analysis for XKLS:03052

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RM0.17
Price
RM0.24
GF Value