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Smart Asia Chemical Bhd (XKLS:0306) ROCE % : 7.50% (As of Dec. 2024)


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What is Smart Asia Chemical 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. Smart Asia Chemical Bhd's annualized ROCE % for the quarter that ended in Dec. 2024 was 7.50%.

Smart Asia Chemical Bhd ROCE % Historical Data

The historical data trend for Smart Asia Chemical 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.

* Premium members only.

Smart Asia Chemical Bhd ROCE % Chart

Smart Asia Chemical Bhd Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
ROCE %
20.26 26.84 17.90 14.34 3.77

Smart Asia Chemical Bhd Quarterly Data
Dec20 Dec21 Dec22 Dec23 Jun24 Sep24 Dec24
ROCE % Get a 7-Day Free Trial - - -7.00 1.81 7.50

Smart Asia Chemical Bhd ROCE % Calculation

Smart Asia Chemical 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 )
=4.671/( ( (147.726 - 29.739) + (158.543 - 28.83) )/ 2 )
=4.671/( (117.987+129.713)/ 2 )
=4.671/123.85
=3.77 %

Smart Asia Chemical Bhd's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2024 )  (Q: Sep. 2024 )(Q: Dec. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2024 )  (Q: Sep. 2024 )(Q: Dec. 2024 )
=9.692/( ( (155.013 - 26.34) + (158.543 - 28.83) )/ 2 )
=9.692/( ( 128.673 + 129.713 )/ 2 )
=9.692/129.193
=7.50 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) 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.

Smart Asia Chemical Bhd  (XKLS:0306) 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.

Smart Asia Chemical Bhd ROCE % Related Terms

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Smart Asia Chemical Bhd Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Smart Asia Chemical Bhd (XKLS:0306) » Definitions » ROCE %
Comparable Companies
XKLS:0100 XKLS:9083 XKLS:0205 XKLS:0054 XKLS:7173 XKLS:0055 XKLS:7192 XKLS:0105 XKLS:7005 XKLS:7223 LIN XPAR:AI SHW ECL APD XSWX:GIVN XSWX:SIKA ISX:TPIA DD SHSE:600309
Traded in Other Exchanges
N/A
Address
No. 11, Jalan Indah Gemilang 5, Taman Perindustrian Gemilang, Ulu Tiram, JHR, MYS, 81800
Website
https://www.smartasiachemical.com
Smart Asia Chemical Bhd is an investment holding company. Through its subsidiaries, it is involved in the development, manufacturing, distribution and sale of decorative paints and protective coatings for household and industrial applications. Also involved in the development, manufacturing, distribution and sale of related products, namely colourants, and binding and coating chemicals; sale and trading of painting tools and accessories, aerosol spray paints and other related products to complement decorative paints and protective coatings offerings, ODM services of decorative paints, protective coatings as well as binding and coating chemicals for third party brand owners.

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