Hengyuan Refining Co Bhd (XKLS:4324) ROCE %: 147.85% (As of Mar. 2026)

What is Hengyuan Refining Co Bhd ROCE %?

Hengyuan Refining Co Bhd XKLS:4324 +1.98% 59 ROCE % is 147.85% as of Mar. 2026. GuruFocus rates XKLS:4324 with a GF Score™ of 59/100 and a GF Value™ of RM1.19 (Modestly Undervalued). The stock has 2 warning signs investors should review.

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. Hengyuan Refining Co Bhd's annualized ROCE % for the quarter that ended in Mar. 2026 was 147.85%.

Hengyuan Refining Co Bhd (XKLS:4324) 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.

Hengyuan Refining Co Bhd ROCE % Related Terms

Hengyuan Refining Co Bhd ROCE % Historical Data

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The historical data trend for Hengyuan Refining Co 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.

Hengyuan Refining Co Bhd ROCE % Chart

Hengyuan Refining Co Bhd Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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5.20

-14.48

-19.30

-12.64

-1.40

Hengyuan Refining Co Bhd Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															-37.69	-15.10	20.73	33.36	147.85

59GF Score

Hengyuan Refining Co Bhd XKLS:4324

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Hengyuan Refining Co Bhd ROCE % Calculation

Hengyuan Refining Co Bhd's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	-20.064	/	( ( (3775.711 - 2251.638)	+	(4303.268 - 2958.017) )	/ 2 )
	=	-20.064	/	( (1524.073	+	1345.251)	/ 2 )
	=	-20.064	/	1434.662
	=	-1.40 %

Hengyuan Refining Co Bhd's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	2206.564	/	( ( (4303.268 - 2958.017)	+	(5750.455 - 4110.744) )	/ 2 )
	=	2206.564	/	( ( 1345.251	+	1639.711 )	/ 2 )
	=	2206.564	/	1492.481
	=	147.85 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 147.85% mean?

Hengyuan Refining Co Bhd (XKLS:4324) has a ROCE % of 147.85% as of Mar. 2026.

Is Hengyuan Refining Co Bhd's ROCE % too high?

Hengyuan Refining Co Bhd's current ROCE % is 147.85%. The Oil & Gas industry median ROCE % is 6.79. Hengyuan Refining Co Bhd's value of 147.85% is 2077.5% above this industry median. Overall, Hengyuan Refining Co Bhd has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Hengyuan Refining Co Bhd's ROCE % compare to VLO and MPC?

Hengyuan Refining Co Bhd's ROCE % of 147.85% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. Hengyuan Refining Co Bhd's value of 147.85% is 2077.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for an Oil & Gas company?

The median ROCE % among Oil & Gas companies is 6.79, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hengyuan Refining Co Bhd's current ROCE % of 147.85% is 2077.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hengyuan Refining Co Bhd's current ROCE % is 147.85%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Hengyuan Refining Co Bhd stock overvalued right now?

Based on GuruFocus' analysis, Hengyuan Refining Co Bhd (XKLS:4324) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.19, compared to a current price of RM1.03 — trading 13.4% below its estimated fair value. The current ROCE % is 147.85% and 2077.5% above the Oil & Gas industry median of 6.79. Hengyuan Refining Co Bhd's overall GF Score™ is 59/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Hengyuan Refining Co Bhd (XKLS:4324), the current ROCE % is 147.85% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hengyuan Refining Co Bhd (XKLS:4324) Overvalued in 2026?

Based on GuruFocus' analysis, Hengyuan Refining Co Bhd stock appears to be undervalued. The current stock price of RM1.03 is trading 13.4% below its estimated GF Value™ of RM1.19. GuruFocus considers Hengyuan Refining Co Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:4324:

ROCE %: 147.85%
GF Value™: RM1.19 vs. price of RM1.03 (13.4% below fair value)
GF Score™: 59/100 with 2 warning signs
Industry Position: 2077.5% above the Oil & Gas median

No single metric tells the full story. See the XKLS:4324 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hengyuan Refining Co Bhd Business Description

Industry Energy Oil & Gas

Comparable Companies XKLS:3042 XKLS:0160 NSE:RELIANCE VLO MPC PSX XKAZ:KMGZ OHEL:NESTE TSE:5020 NSE:IOC TPE:6505 XKRX:096770 BOM:500547 XKRX:267250 DINO SUN TSE:5019 IST:TUPRS BUD:MOL SAU:2380

Address Jalan Pantai, Batu 1, Port Dickson, NSN, MYS, 71000

Website http://www.hrc.com.my

Hengyuan Refining Co Bhd is engaged in the refining and manufacturing of petroleum products in Malaysia. The company's operating units in its refinery consist of two crude distillers, a long residue catalytic cracker, two naptha treaters and a merox plant, one kerosene Merox plant, one platformer, two hydro-processing units, a Hydrogen Manufacturing Unit (HMU) and a sulphur recovery unit. Its product portfolio consists of liquefied petroleum gas (LPG), gasoline, diesel, aviation fuel, fuel oil components, and chemical feedstocks like light naphtha and propylene.

59GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RM1.03

Price

RM1.19

GF Value

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