HeveaBoard Bhd (XKLS:5095) ROCE % : -8.61% (As of Sep. 2024)

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What is HeveaBoard 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. HeveaBoard Bhd's annualized ROCE % for the quarter that ended in Sep. 2024 was -8.61%.

HeveaBoard Bhd ROCE % Historical Data

The historical data trend for HeveaBoard 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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HeveaBoard Bhd ROCE % Chart

HeveaBoard Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.80

4.19

0.01

3.89

-1.28

HeveaBoard Bhd Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															0.53	0.06	2.17	-0.62	-8.61

HeveaBoard Bhd ROCE % Calculation

HeveaBoard 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 )
	=	-5.604	/	( ( (508.787 - 70.835)	+	(501.271 - 65.437) )	/ 2 )
	=	-5.604	/	( (437.952	+	435.834)	/ 2 )
	=	-5.604	/	436.893
	=	-1.28 %

HeveaBoard Bhd's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-37.208	/	( ( (483.78 - 44.967)	+	(468.89 - 43.84) )	/ 2 )
	=	-37.208	/	( ( 438.813	+	425.05 )	/ 2 )
	=	-37.208	/	431.9315
	=	-8.61 %

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

HeveaBoard Bhd (XKLS:5095) 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.

HeveaBoard Bhd ROCE % Related Terms

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HeveaBoard Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » HeveaBoard Bhd (XKLS:5095) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Batu 3, Jalan Tampin, Lot 1942, Gemas, NSN, MYS, 73400

Website

https://www.heveaboard.com.my

HeveaBoard Bhd operates in the particleboard business. It is engaged in manufacturing, trading, and distributing of wide range of particleboard and particleboard-based products. It operates through the Particleboards segment, Ready-to-assemble products segment, Cultivation and trading of gourmet fungi segment, and Other segments. The Particleboards segment is involved in the business of manufacturing and trading of particleboards and other panel boards. The Ready-to-assemble segment is involved in the business of manufacturing and trading of ready-to-assemble furniture. The Others segment is engaged in investment holding. Its products are served for furniture components, dining sets, speaker boxes, door manufacturing, and office systems.

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