United Malacca Bhd (XKLS:2593) ROCE % : 6.85% (As of Jan. 2024)

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What is United Malacca 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. United Malacca Bhd's annualized ROCE % for the quarter that ended in Jan. 2024 was 6.85%.

United Malacca Bhd ROCE % Historical Data

The historical data trend for United Malacca 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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United Malacca Bhd ROCE % Chart

United Malacca Bhd Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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-2.47

1.20

1.94

9.12

5.35

United Malacca Bhd Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															3.96	3.72	1.48	5.43	6.85

United Malacca Bhd ROCE % Calculation

United Malacca Bhd's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	89.741	/	( ( (1835.702 - 147.508)	+	(1841.943 - 176.451) )	/ 2 )
	=	89.741	/	( (1688.194	+	1665.492)	/ 2 )
	=	89.741	/	1676.843
	=	5.35 %

United Malacca Bhd's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	114.088	/	( ( (1830.951 - 168.814)	+	(1839.287 - 168.312) )	/ 2 )
	=	114.088	/	( ( 1662.137	+	1670.975 )	/ 2 )
	=	114.088	/	1666.556
	=	6.85 %

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

United Malacca Bhd (XKLS:2593) 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.

United Malacca Bhd ROCE % Related Terms

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United Malacca Bhd (XKLS:2593) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » United Malacca Bhd (XKLS:2593) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

6th Floor, No. 61, Jalan Melaka Raya 8, Taman Melaka Raya, Melaka, MLA, MYS, 75000

Website

https://www.unitedmalacca.com.my

United Malacca Bhd is a Malaysia based oil palm cultivation company. The company's operating segment includes Plantation which includes cultivation of oil palm and palm oil milling and Investment holding. It generates maximum revenue from the Plantation segment. Geographically, it derives a majority of revenue from Malaysia and also has a presence in Indonesia.

United Malacca Bhd (XKLS:2593) Headlines

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