Northeast Group Bhd (XKLS:0325) ROCE % : 0.00% (As of Sep. 2023)

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What is Northeast Group 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. Northeast Group Bhd's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.00%.

Northeast Group Bhd ROCE % Historical Data

The historical data trend for Northeast Group 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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Northeast Group Bhd ROCE % Chart

Northeast Group Bhd Annual Data

Trend

Sep21

Sep22

Sep23

ROCE %

22.82

36.58

14.98

Northeast Group Bhd Semi-Annual Data
	Sep21	Sep22	Sep23
ROCE %	-	-	-

Northeast Group Bhd ROCE % Calculation

Northeast Group Bhd's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	24.549	/	( ( (171.56 - 19.841)	+	(192.226 - 16.136) )	/ 2 )
	=	24.549	/	( (151.719	+	176.09)	/ 2 )
	=	24.549	/	163.9045
	=	14.98 %

Northeast Group Bhd's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Sep. 2022 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Sep. 2022 )		(Q: Sep. 2023 )
	=	0	/	( ( (171.56 - 19.841)	+	(192.226 - 16.136) )	/ 2 )
	=	0	/	( ( 151.719	+	176.09 )	/ 2 )
	=	0	/	163.9045
	=	0.00 %

(1) Note: The EBIT data used here is one times the annual (Sep. 2023) EBIT data.

Northeast Group Bhd (XKLS:0325) 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.

Northeast Group Bhd ROCE % Related Terms

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Northeast Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Northeast Group Bhd (XKLS:0325) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1946, Lorong IKS Bukit Minyak 1, Taman IKS Bukit Minyak, Simpang Ampat, PNG, MYS, 14100

Website

https://www.northeast.my

Northeast Group Bhd is an investment holding company. Through its subsidiaries, it is principally involved in the manufacturing of precision engineering components used in the photonics, E&E, semiconductor, telecommunication and optoelectronics industries. Precision engineering components are parts that are precisely machined in exact and accurate dimensions (i.e. tolerances for variation of up to a single-digit micron range) to be further processed and/or assembled to form end-products by its customers. Geographically, it operates in Malaysia, North America, Europe, Oceania, South America and Other Asian Countries.

Northeast Group Bhd Headlines

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