Dayang Enterprise Holdings Bhd (XKLS:5141) ROCE % : 9.21% (As of Mar. 2024)

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What is Dayang Enterprise 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. Dayang Enterprise Holdings Bhd's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.21%.

Dayang Enterprise Holdings Bhd ROCE % Historical Data

The historical data trend for Dayang Enterprise 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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Dayang Enterprise Holdings Bhd ROCE % Chart

Dayang Enterprise Holdings Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.50

3.80

-18.66

10.05

16.85

Dayang Enterprise 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															-2.40	21.18	24.25	23.27	9.21

Dayang Enterprise Holdings Bhd ROCE % Calculation

Dayang Enterprise 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 )
	=	343.012	/	( ( (2361.765 - 373.469)	+	(2508.797 - 424.649) )	/ 2 )
	=	343.012	/	( (1988.296	+	2084.148)	/ 2 )
	=	343.012	/	2036.222
	=	16.85 %

Dayang Enterprise 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 )
	=	191.696	/	( ( (2508.797 - 424.649)	+	(2517.746 - 438.166) )	/ 2 )
	=	191.696	/	( ( 2084.148	+	2079.58 )	/ 2 )
	=	191.696	/	2081.864
	=	9.21 %

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

Dayang Enterprise Holdings Bhd (XKLS:5141) 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.

Dayang Enterprise Holdings Bhd ROCE % Related Terms

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Dayang Enterprise Holdings Bhd (XKLS:5141) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Dayang Enterprise Holdings Bhd (XKLS:5141) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Jalan Taman Raja MCLD, Sublot 5 - 10, Lot 46, Block 10, Miri, SWK, MYS, 98000

Website

https://www.desb.net

Dayang Enterprise Holdings Bhd is an investment holding company. Its operating segments include Topside maintenance services and Marine offshore support services. Topside maintenance services include the provision of offshore topside maintenance services, minor fabrication works, and offshore hook-up and commissioning services for oil and gas companies. Marine offshore support services involve chartering of marine vessels and the provision of related support services, as well as catering of food and beverage. Dayang generates the majority of its revenues from Topside maintenance services.

Dayang Enterprise Holdings Bhd (XKLS:5141) Headlines

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