Tong Herr Resources Bhd (XKLS:5010) ROCE % : -1.33% (As of Dec. 2023)

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What is Tong Herr Resources 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. Tong Herr Resources Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.33%.

Tong Herr Resources Bhd ROCE % Historical Data

The historical data trend for Tong Herr Resources 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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Tong Herr Resources Bhd ROCE % Chart

Tong Herr Resources Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.98

8.40

17.40

19.49

2.68

Tong Herr Resources 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															7.49	5.27	4.77	1.91	-1.33

Tong Herr Resources Bhd ROCE % Calculation

Tong Herr Resources 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 )
	=	16.603	/	( ( (700.921 - 77.95)	+	(664.686 - 50.083) )	/ 2 )
	=	16.603	/	( (622.971	+	614.603)	/ 2 )
	=	16.603	/	618.787
	=	2.68 %

Tong Herr Resources 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 )
	=	-8.136	/	( ( (639.645 - 31.297)	+	(664.686 - 50.083) )	/ 2 )
	=	-8.136	/	( ( 608.348	+	614.603 )	/ 2 )
	=	-8.136	/	611.4755
	=	-1.33 %

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

Tong Herr Resources Bhd (XKLS:5010) 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.

Tong Herr Resources Bhd ROCE % Related Terms

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Tong Herr Resources Bhd (XKLS:5010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tong Herr Resources Bhd (XKLS:5010) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2515, Tingkat Perusahaan 4A, Perai Free Trade Zone, Perai, PNG, MYS, 13600

Website

https://www.tong.com.my

Tong Herr Resources Bhd is a Malaysia-based investment holding company. It operates through two segments namely Manufacture and sale of stainless steel fasteners and Manufacture and sale of aluminum products. The company derives maximum revenue from the Manufacture and sale of stainless steel fasteners segment. It is engaged in the production and marketing of stainless steel fasteners such as nuts, bolts, screws, and all other threaded items, aluminum extrusion, and its related products. It operates geographically across countries like Malaysia, Thailand, Germany, the United States of America, and Other countries.

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