Protasco Bhd (XKLS:5070) ROCE % : 30.04% (As of Dec. 2023)

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What is Protasco 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. Protasco Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 30.04%.

Protasco Bhd ROCE % Historical Data

The historical data trend for Protasco 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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Protasco Bhd ROCE % Chart

Protasco Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.87

5.57

13.93

-0.70

11.63

Protasco 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															-13.48	3.32	3.13	11.07	30.04

Protasco Bhd ROCE % Calculation

Protasco 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 )
	=	47.76	/	( ( (836.263 - 421.433)	+	(876.531 - 470.303) )	/ 2 )
	=	47.76	/	( (414.83	+	406.228)	/ 2 )
	=	47.76	/	410.529
	=	11.63 %

Protasco 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 )
	=	120.904	/	( ( (907.613 - 508.972)	+	(876.531 - 470.303) )	/ 2 )
	=	120.904	/	( ( 398.641	+	406.228 )	/ 2 )
	=	120.904	/	402.4345
	=	30.04 %

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

Protasco Bhd (XKLS:5070) 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.

Protasco Bhd ROCE % Related Terms

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Protasco Bhd (XKLS:5070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Protasco Bhd (XKLS:5070) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Ikram-Uniten, Corporate Block, Unipark Suria, Kajang, SGR, MYS, 43000

Website

https://www.protasco.com.my

Protasco Bhd is engaged in the business of investment holding. It operates in eight business segments. The Maintenance segment, which is the key revenue driver, is involved in the maintenance of federal and state roads. The Construction segment consists of the development of buildings and other infrastructures facilities. The Property development segment includes the construction of commercial and residential properties. Engineering segment provides civil engineering and other related services. The Trading and manufacturing segment is in the production and marketing of construction materials. Education segment comprises of the provision of tertiary education services, Hotel & Hospitality segment and Clean Energy segment.

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