Tan Chong Motor Holdings Bhd (XKLS:4405) ROCE % : 0.05% (As of Mar. 2024)

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What is Tan Chong Motor Holdings 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. Tan Chong Motor Holdings Bhd's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.05%.

Tan Chong Motor Holdings Bhd ROCE % Historical Data

The historical data trend for Tan Chong Motor Holdings 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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Tan Chong Motor Holdings Bhd ROCE % Chart

Tan Chong Motor Holdings Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.11

-2.78

2.28

1.11

-1.61

Tan Chong Motor Holdings Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															1.97	0.74	-3.89	-5.07	0.05

Tan Chong Motor Holdings Bhd ROCE % Calculation

Tan Chong Motor Holdings 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 )
	=	-58.242	/	( ( (5038.36 - 1445.891)	+	(5114.315 - 1469.038) )	/ 2 )
	=	-58.242	/	( (3592.469	+	3645.277)	/ 2 )
	=	-58.242	/	3618.873
	=	-1.61 %

Tan Chong Motor Holdings Bhd's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1.968	/	( ( (5114.315 - 1469.038)	+	(5038.866 - 1417.093) )	/ 2 )
	=	1.968	/	( ( 3645.277	+	3621.773 )	/ 2 )
	=	1.968	/	3633.525
	=	0.05 %

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

Tan Chong Motor Holdings Bhd (XKLS:4405) 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.

Tan Chong Motor Holdings Bhd ROCE % Related Terms

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Tan Chong Motor Holdings Bhd (XKLS:4405) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tan Chong Motor Holdings Bhd (XKLS:4405) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

62-68 Jalan Sultan Azlan Shah, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 51200

Website

https://www.tanchonggroup.com

Tan Chong Motor Holdings Bhd is primarily an automotive manufacturer based in Malaysia. The company conducts its businesses through three segments, namely, Vehicles assembly, manufacturing, distribution and after-sales services segment, Financial Services, and others. The Vehicles assembly, manufacturing, distribution and after-sales services segment is its core business and is a majority revenue generator. It is focused on the assembly and distribution of passenger and commercial vehicles, automotive workshop services, distribution of automotive spare parts and manufacturing of automotive parts. The Financial Services segment provides hire purchase financing, personal loans and insurance agency services and other operations segment is engaged in property and investment holding activities.

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