Paragon Globe Bhd (XKLS:3611) ROCE % : -1.60% (As of Dec. 2023)

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What is Paragon Globe 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. Paragon Globe Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.60%.

Paragon Globe Bhd ROCE % Historical Data

The historical data trend for Paragon Globe 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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Paragon Globe Bhd ROCE % Chart

Paragon Globe Bhd Annual Data

Trend

Dec12

Dec13

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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0.55

4.31

-0.40

0.81

1.59

Paragon Globe 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															0.73	1.98	-0.87	1.39	-1.60

Paragon Globe Bhd ROCE % Calculation

Paragon Globe Bhd's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	5.159	/	( ( (311.794 - 10.47)	+	(366.164 - 18.354) )	/ 2 )
	=	5.159	/	( (301.324	+	347.81)	/ 2 )
	=	5.159	/	324.567
	=	1.59 %

Paragon Globe 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 )
	=	-6.22	/	( ( (363.912 - 16.593)	+	(451.735 - 23.131) )	/ 2 )
	=	-6.22	/	( ( 347.319	+	428.604 )	/ 2 )
	=	-6.22	/	387.9615
	=	-1.60 %

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

Paragon Globe Bhd (XKLS:3611) 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.

Paragon Globe Bhd ROCE % Related Terms

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Paragon Globe Bhd (XKLS:3611) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Paragon Globe Bhd (XKLS:3611) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 18, Jalan Harimau, Level 10-02, Grand Paragon Hotel, Taman Century, Johor Bahru, JHR, MYS, 80250

Website

https://www.pgbgroup.com.my

Paragon Globe Bhd is an investment holding company. The company's operating segment includes the Investments segment which is investment holding; the Property Development segment which is in the business of trading and development of properties and the Construction segment which is in the business of construction of buildings, roads and railways, and other specialized construction activities. The company generates maximum revenue from Property development.

Paragon Globe Bhd (XKLS:3611) Headlines

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