SIK Cheong Bhd (XKLS:0316) ROCE % : -3.35% (As of Sep. 2024)

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What is SIK Cheong 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. SIK Cheong Bhd's annualized ROCE % for the quarter that ended in Sep. 2024 was -3.35%.

SIK Cheong Bhd ROCE % Historical Data

The historical data trend for SIK Cheong 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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SIK Cheong Bhd ROCE % Chart

SIK Cheong Bhd Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

14.08

22.80

39.59

26.13

SIK Cheong Bhd Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24	Sep24
ROCE %	28.17	45.60	79.19	52.25	-3.35

SIK Cheong Bhd ROCE % Calculation

SIK Cheong Bhd's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	7.944	/	( ( (24.546 - 4.367)	+	(45.843 - 5.207) )	/ 2 )
	=	7.944	/	( (20.179	+	40.636)	/ 2 )
	=	7.944	/	30.4075
	=	26.13 %

SIK Cheong Bhd's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	-1.386	/	( ( (45.843 - 5.207)	+	(44.148 - 2.084) )	/ 2 )
	=	-1.386	/	( ( 40.636	+	42.064 )	/ 2 )
	=	-1.386	/	41.35
	=	-3.35 %

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

SIK Cheong Bhd (XKLS:0316) 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.

SIK Cheong Bhd ROCE % Related Terms

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SIK Cheong Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » SIK Cheong Bhd (XKLS:0316) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 11, Jalan 6/14, Kampung Tasik Tambahan, Darul Ehsan, Ampang, SGR, MYS, 68000

Website

https://www.sikcheong.com.my

SIK Cheong Bhd is involved in the repackaging, marketing and distribution of RBD palm olein oil products. Its products include RBD palm olein cooking oil, which are sold under brands, Sawit Emas and Vitamas, or sold unbranded and also sell RBD palm olein lamp oil under brand, Pingat Emas. The company products are consumed and used commercially and in households.

SIK Cheong Bhd Headlines

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