Keck Seng (Malaysia) Bhd (XKLS:3476) ROCE % : 17.20% (As of Dec. 2023)

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What is Keck Seng (Malaysia) 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. Keck Seng (Malaysia) Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.20%.

Keck Seng (Malaysia) Bhd ROCE % Historical Data

The historical data trend for Keck Seng (Malaysia) 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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Keck Seng (Malaysia) Bhd ROCE % Chart

Keck Seng (Malaysia) Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.35

-3.26

4.05

10.17

11.12

Keck Seng (Malaysia) Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															9.07	6.78	13.40	7.08	17.20

Keck Seng (Malaysia) Bhd ROCE % Calculation

Keck Seng (Malaysia) Bhd's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	304.674	/	( ( (2926.288 - 324.026)	+	(3044.976 - 167.565) )	/ 2 )
	=	304.674	/	( (2602.262	+	2877.411)	/ 2 )
	=	304.674	/	2739.8365
	=	11.12 %

Keck Seng (Malaysia) Bhd's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	486.5	/	( ( (2972.575 - 192.057)	+	(3044.976 - 167.565) )	/ 2 )
	=	486.5	/	( ( 2780.518	+	2877.411 )	/ 2 )
	=	486.5	/	2828.9645
	=	17.20 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Keck Seng (Malaysia) Bhd (XKLS:3476) 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.

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Keck Seng (Malaysia) Bhd (XKLS:3476) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Keck Seng (Malaysia) Bhd (XKLS:3476) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

13th Floor, City Plaza, Suite 1301, Johor Bahru, JHR, MYS, 80300

Website

https://www.my.keckseng.com

Keck Seng (Malaysia) Bhd is a Malaysia based company engaged in the business of palm oil cultivation and manufacturing. In addition, it is also involved in the business activities of property development and investment, and hotels and resorts ownership. The operating segments of the company are Manufacturing, Hotels and resort, Property, and Plantations. It generates the majority of the revenue from the Manufacturing segment which relates to the processing and marketing of refined palm oil products. The group's operations are carried out principally in Malaysia, Singapore, Hong Kong, Canada, and the United States of America of which key revenue is derived from Malaysia.

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