White Horse Bhd (XKLS:5009) ROCE % : -1.10% (As of Mar. 2024)

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What is White Horse 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. White Horse Bhd's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.10%.

White Horse Bhd ROCE % Historical Data

The historical data trend for White Horse 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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White Horse Bhd ROCE % Chart

White Horse Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-7.06

-8.18

6.09

1.70

-1.94

White Horse 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															-11.53	-7.38	-1.00	11.75	-1.10

White Horse Bhd ROCE % Calculation

White Horse 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 )
	=	-11.679	/	( ( (763.502 - 163.67)	+	(748.837 - 147.713) )	/ 2 )
	=	-11.679	/	( (599.832	+	601.124)	/ 2 )
	=	-11.679	/	600.478
	=	-1.94 %

White Horse 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 )
	=	-6.576	/	( ( (748.837 - 147.713)	+	(729.138 - 131.972) )	/ 2 )
	=	-6.576	/	( ( 601.124	+	597.166 )	/ 2 )
	=	-6.576	/	599.145
	=	-1.10 %

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

White Horse Bhd (XKLS:5009) 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.

White Horse Bhd ROCE % Related Terms

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White Horse Bhd (XKLS:5009) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » White Horse Bhd (XKLS:5009) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Pasir Gudang Industrial Estate, PLO 464, Jalan Gangsa, Pasir Gudang, JHR, MYS, 81700

Website

https://www.whitehorse.my

White Horse Bhd. is an investment holding company, which is engaged in the manufacturing of ceramic wall, floor tiles and the provision of management services. Its segments include Malaysia, Vietnam, and Others. The Malaysia segment includes the manufacturing and distribution of ceramic homogenous tiles in Malaysia. The Vietnam segment includes the manufacturing and distribution of ceramic homogenous tiles in Vietnam. The other segments include the distribution of ceramic homogenous tiles in Indonesia, the Philippine, Singapore, and Thailand, and China. The product portfolio of the group consists of ceramic wall tiles, ceramic floor tiles, and porcelain tiles. It generates the majority of revenue from the Malaysian segment.

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